Key Points
- COO Chad Smith sold 2,843 shares on Jan. 6 at an average price of $35.15 for about $99,931, reducing his ownership by 9.34% to 27,590 shares (SEC filing).
- BETR stock jumped 6.5% and opened at $39.87; the shares trade in a 52‑week range of $7.71–$94.06 and the company has a market cap of roughly $626 million (P/E -3.27).
- Analyst sentiment is bearish-to-neutral with an average rating of "Reduce" (two Holds, one Sell), while institutional investors hold 20.94% of the stock and several funds recently increased positions.
Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) COO Chad Smith sold 2,843 shares of the firm's stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $35.15, for a total transaction of $99,931.45. Following the completion of the transaction, the chief operating officer directly owned 27,590 shares in the company, valued at $969,788.50. This trade represents a 9.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Better Home & Finance Stock Up 6.5%
Shares of NASDAQ:BETR opened at $39.87 on Friday. Better Home & Finance Holding Company has a 52-week low of $7.71 and a 52-week high of $94.06. The stock has a market cap of $625.96 million, a P/E ratio of -3.27 and a beta of 1.99. The business has a fifty day moving average of $45.50 and a two-hundred day moving average of $36.89.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Northland Capmk raised shares of Better Home & Finance to a "hold" rating in a research note on Monday, October 6th. Weiss Ratings reissued a "sell (e+)" rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Northland Securities started coverage on Better Home & Finance in a research report on Monday, October 6th. They set a "market perform" rating for the company. Finally, Wall Street Zen lowered Better Home & Finance from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce".
Read Our Latest Research Report on Better Home & Finance
Institutional Trading of Better Home & Finance
Institutional investors have recently modified their holdings of the stock. Gratia Capital LLC acquired a new stake in Better Home & Finance during the 2nd quarter worth $1,797,000. Geode Capital Management LLC boosted its position in shares of Better Home & Finance by 90.6% in the 2nd 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 period. Marshall Wace LLP grew its stake in Better Home & Finance by 151.6% during the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company's stock worth $1,113,000 after buying an additional 54,113 shares during the last quarter. UBS Group AG increased its holdings in shares of Better Home & Finance by 127.6% in the 3rd quarter. UBS Group AG now owns 55,053 shares of the company's stock valued at $3,091,000 after acquiring an additional 30,869 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in shares of Better Home & Finance during the third quarter worth about $1,647,000. Hedge funds and other institutional investors own 20.94% of the company's stock.
Better Home & Finance Company Profile
(
Get Free Report)
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.
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