Chad Smith Sells 6,000 Shares of Better Home & Finance (NASDAQ:BETR) Stock

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $40.48, for a total transaction of $242,880.00. Following the sale, the chief operating officer owned 27,590 shares of the company’s stock, valued at approximately $1,116,843.20. This represents a 17.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Better Home & Finance Trading Down 1.9%

Shares of BETR stock opened at $38.88 on Wednesday. The company has a market cap of $610.42 million, a PE ratio of -3.19 and a beta of 1.95. The company’s fifty day simple moving average is $57.31 and its 200-day simple moving average is $34.39. Better Home & Finance Holding Company has a 52 week low of $7.71 and a 52 week high of $94.06.

Analysts Set New Price Targets

A number of research analysts have commented on BETR shares. Northland Securities initiated coverage on Better Home & Finance in a research note on Monday, October 6th. They set a “market perform” rating on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, October 8th. Northland Capmk raised shares of Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Finally, Wall Street Zen cut shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Better Home & Finance

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Better Home & Finance by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock valued at $22,394,000 after purchasing an additional 6,374 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Better Home & Finance by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after acquiring an additional 8,924 shares in the last quarter. Gratia Capital LLC bought a new position in Better Home & Finance during the 2nd quarter valued at $1,797,000. Geode Capital Management LLC grew its holdings in Better Home & Finance by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after acquiring an additional 61,740 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Better Home & Finance by 151.6% in the 2nd 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. 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.