Better Home & Finance (NASDAQ:BETR) Trading Down 5.3% – Should You Sell?

Better Home & Finance Holding Company (NASDAQ:BETR)’s stock price fell 5.3% during trading on Wednesday . The stock traded as low as $36.22 and last traded at $36.7850. 183,488 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 489,742 shares. The stock had previously closed at $38.84.

Wall Street Analyst Weigh In

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

Better Home & Finance Trading Down 2.8%

The stock has a market capitalization of $592.33 million, a PE ratio of -3.08 and a beta of 1.99. The company’s 50-day moving average is $44.29 and its 200 day moving average is $37.61.

Insider Transactions at Better Home & Finance

In other news, COO Chad M. Smith sold 2,843 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $35.15, for a total transaction of $99,931.45. Following the sale, the chief operating officer directly owned 27,590 shares of the company’s stock, valued at $969,788.50. The trade was a 9.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Paula Tuffin sold 8,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $46.56, for a total value of $372,480.00. Following the completion of the transaction, the general counsel owned 32,344 shares of the company’s stock, valued at $1,505,936.64. This trade represents a 19.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 19,221 shares of company stock worth $828,651. Company insiders own 23.59% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 6,374 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 purchasing an additional 8,924 shares during the last quarter. Gratia Capital LLC acquired a new stake in Better Home & Finance during the 2nd quarter worth about $1,797,000. Geode Capital Management LLC raised its stake in shares of Better Home & Finance by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after buying an additional 61,740 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings 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 valued at $1,113,000 after buying an additional 54,113 shares during the period. 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.