Chad Smith Sells 2,378 Shares of Better Home & Finance (NASDAQ:BETR) Stock

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 2,378 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $47.67, for a total value of $113,359.26. Following the transaction, the chief operating officer directly owned 33,590 shares in the company, valued at approximately $1,601,235.30. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Better Home & Finance Price Performance

Better Home & Finance stock opened at $38.88 on Wednesday. Better Home & Finance Holding Company has a 1-year low of $7.71 and a 1-year high of $94.06. The business has a fifty day moving average price of $57.31 and a 200-day moving average price of $34.39. The stock has a market capitalization of $610.42 million, a price-to-earnings ratio of -3.19 and a beta of 1.95.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BETR shares. Wall Street Zen downgraded Better Home & Finance from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Northland Capmk upgraded shares of Better Home & Finance to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, October 8th. Finally, Northland Securities assumed coverage on shares of Better Home & Finance in a report on Monday, October 6th. They issued 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Better Home & Finance

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Better Home & Finance by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock valued at $22,394,000 after acquiring an additional 6,374 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Better Home & Finance by 3.1% during the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after purchasing an additional 8,924 shares during the last quarter. Gratia Capital LLC acquired a new position in Better Home & Finance during the second quarter valued at $1,797,000. Geode Capital Management LLC boosted its holdings in Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after purchasing an additional 61,740 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Better Home & Finance by 151.6% in the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after purchasing an additional 54,113 shares during the last quarter. 20.94% of the stock is 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.