Chad Smith Sells 2,374 Shares of Better Home & Finance (NASDAQ:BETR) Stock

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 2,374 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $28.51, for a total value of $67,682.74. Following the sale, the chief operating officer owned 18,575 shares of the company’s stock, valued at approximately $529,573.25. This represents a 11.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Better Home & Finance Stock Down 8.8%

Shares of NASDAQ:BETR opened at $28.47 on Thursday. Better Home & Finance Holding Company has a twelve month low of $9.50 and a twelve month high of $94.06. The stock’s 50 day moving average is $32.06 and its 200-day moving average is $42.73. The firm has a market capitalization of $446.98 million, a price-to-earnings ratio of -2.63 and a beta of 1.98.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BETR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, January 21st. Cantor Fitzgerald upgraded shares of Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Alpine Global Management LLC purchased a new position in shares of Better Home & Finance during the fourth quarter valued at approximately $456,000. Engineers Gate Manager LP bought a new stake in Better Home & Finance during the fourth quarter worth $450,000. AQR Capital Management LLC raised its position in Better Home & Finance by 39.7% in the 4th quarter. AQR Capital Management LLC now owns 13,769 shares of the company’s stock valued at $449,000 after buying an additional 3,913 shares during the last quarter. Jump Financial LLC bought a new position in Better Home & Finance during the 4th quarter valued at $2,457,000. Finally, California State Teachers Retirement System lifted its stake in Better Home & Finance by 1,686.9% during the 4th quarter. California State Teachers Retirement System now owns 5,468 shares of the company’s stock valued at $178,000 after acquiring an additional 5,162 shares in the last quarter. Institutional investors 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.