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

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 6,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $36.70, for a total value of $220,200.00. Following the completion of the sale, the chief operating officer directly owned 21,590 shares of the company’s stock, valued at approximately $792,353. This trade represents a 21.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Better Home & Finance Stock Down 6.0%

BETR opened at $31.87 on Wednesday. The firm has a market cap of $500.36 million, a price-to-earnings ratio of -2.61 and a beta of 1.99. Better Home & Finance Holding Company has a 52 week low of $8.90 and a 52 week high of $94.06. The business’s 50 day moving average is $41.60 and its two-hundred day moving average is $38.39.

Analyst Ratings Changes

Several brokerages have issued reports on BETR. Wall Street Zen downgraded shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Northland Securities started coverage on Better Home & Finance in a report 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 research report on Wednesday, October 8th. Finally, Northland Capmk raised Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Hedge Funds Weigh In On Better Home & Finance

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new stake in shares of Better Home & Finance in the 2nd quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new position in Better Home & Finance in the third quarter worth $29,000. Russell Investments Group Ltd. acquired a new stake in Better Home & Finance in the third quarter valued at $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Better Home & Finance during the 2nd quarter worth $33,000. Finally, CWM LLC purchased a new stake in shares of Better Home & Finance during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

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.