Key Points
- Chad Smith sold 6,000 shares of Better Home & Finance on Jan. 15 at an average price of $36.70, generating $220,200 and reducing his stake by 21.75% to 21,590 shares valued about $792,353.
- BETR shares opened at $31.87 and were down about 6%, trading below both the 50-day ($41.60) and 200-day ($38.39) moving averages; the company has a market cap of roughly $500 million and a 12‑month range of $8.90–$94.06.
- Analysts have a consensus rating of "Reduce" (two Holds, one Sell), even as several institutional investors (e.g., Geode, Marshall Wace, UBS, Gratia) recently increased or established positions; institutions own about 20.94% of the stock.
Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) COO Chad Smith sold 6,000 shares of the company's stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $36.70, for a total transaction of $220,200.00. Following the transaction, the chief operating officer owned 21,590 shares in the company, valued at $792,353. The trade was a 21.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Better Home & Finance Trading Down 6.0%
BETR stock opened at $31.87 on Wednesday. The firm has a 50 day moving average of $41.60 and a 200-day moving average of $38.39. The company 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 12-month low of $8.90 and a 12-month high of $94.06.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in BETR. Gratia Capital LLC acquired a new position in Better Home & Finance in the second quarter valued at $1,797,000. Geode Capital Management LLC grew its holdings in 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 buying an additional 61,740 shares during the period. Marshall Wace LLP increased its stake in shares of Better Home & Finance by 151.6% during the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company's stock valued at $1,113,000 after acquiring an additional 54,113 shares during the last quarter. UBS Group AG lifted its holdings in shares of Better Home & Finance by 127.6% during the 3rd quarter. UBS Group AG now owns 55,053 shares of the company's stock worth $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 in the third quarter worth approximately $1,647,000. Hedge funds and other institutional investors own 20.94% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on BETR shares. 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 upgraded shares of Better Home & Finance to a "hold" rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Better Home & Finance in a report on Wednesday, October 8th. Finally, Northland Securities assumed coverage on shares of 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 given a Sell rating to the company's stock. According to data from MarketBeat, Better Home & Finance presently has a consensus rating of "Reduce".
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About Better Home & Finance
(
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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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