Northland Capmk Upgrades Better Home & Finance (NASDAQ:BETR) to “Hold”

Better Home & Finance (NASDAQ:BETR) was upgraded by equities researchers at Northland Capmk to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on BETR. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research report on Saturday, September 27th. Wall Street Zen upgraded Better Home & Finance from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Northland Securities initiated coverage on Better Home & Finance in a research report on Monday. They set a “market perform” rating for the company. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Better Home & Finance has an average rating of “Reduce”.

Better Home & Finance Stock Up 4.5%

Shares of Better Home & Finance stock opened at $60.40 on Monday. The company has a market cap of $927.14 million, a PE ratio of -4.57 and a beta of 1.90. Better Home & Finance has a 52 week low of $7.71 and a 52 week high of $94.06. The business has a 50 day moving average price of $29.29 and a 200-day moving average price of $18.68.

Better Home & Finance (NASDAQ:BETR) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($1.99) EPS for the quarter, topping the consensus estimate of ($2.27) by $0.28. The company had revenue of $44.14 million during the quarter, compared to analysts’ expectations of $44.14 million.

Insider Buying and Selling

In related news, CAO J. Calamari Nicholas sold 12,527 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $21.86, for a total value of $273,840.22. Following the sale, the chief accounting officer owned 9,451 shares in the company, valued at $206,598.86. This represents a 57.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Pbra, Llc sold 995,660 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $50.31, for a total value of $50,091,654.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,013,079 shares of company stock worth $50,472,434 in the last quarter. Company insiders own 23.59% of the company’s stock.

Institutional Trading of Better Home & Finance

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in shares of Better Home & Finance by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after buying an additional 8,924 shares during the last quarter. Gratia Capital LLC bought a new stake in Better Home & Finance during the second quarter valued at about $1,797,000. Geode Capital Management LLC raised its holdings in Better Home & Finance by 90.6% during the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after acquiring an additional 61,740 shares during the period. Marshall Wace LLP increased its holdings in shares of Better Home & Finance by 151.6% in the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock worth $1,113,000 after purchasing an additional 54,113 shares during the last quarter. Finally, Daymark Wealth Partners LLC bought a new stake in shares of Better Home & Finance in the second quarter worth about $293,000. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

Better Home & Finance Company Profile

Better Home & Finance Holding Co engages in the provision of comprehensive homeownership services. It offers mortgage loans, real estate agent services, and title and homeowner’s insurance services. The company was founded in 2014 and is headquartered in New York, NY.