Key Points
- Better Home & Finance General Counsel Paula Tuffin sold 3,108 shares at an average price of $12.36, totaling $38,414.88. The sale covered tax withholding tied to vested equity awards and reduced her holdings by 7.06% to 40,931 shares.
- BETR shares opened at $12.42, well below their 50-day moving average of $16.55 and 200-day average of $26.26, with a 52-week range of $11.11 to $94.06. The company recently reported a quarterly loss of $1.64 per share, missing estimates.
- Analyst views are mixed, though the stock carries a consensus “Moderate Buy” rating and an average price target of $27.86. Institutional investors and hedge funds own 20.94% of the company.
Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) General Counsel Paula Tuffin sold 3,108 shares of the business's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $12.36, for a total transaction of $38,414.88. Following the completion of the sale, the general counsel directly owned 40,931 shares in the company, valued at $505,907.16. This trade represents a 7.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Better Home & Finance Stock Performance
Shares of BETR stock opened at $12.42 on Tuesday. The firm has a fifty day moving average of $16.55 and a 200-day moving average of $26.26. The stock has a market cap of $235.98 million, a price-to-earnings ratio of -1.13 and a beta of 1.68. Better Home & Finance Holding Company has a 52-week low of $11.11 and a 52-week high of $94.06.
Better Home & Finance (NASDAQ:BETR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($1.64) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.23). The business had revenue of $54.70 million for the quarter. Better Home & Finance had a negative net margin of 94.52% and a negative return on equity of 409.62%. On average, sell-side analysts predict that Better Home & Finance Holding Company will post -7.98 earnings per share for the current year.
Institutional Trading of Better Home & Finance
Several hedge funds have recently modified their holdings of the company. Whetstone Capital Advisors LLC bought a new position in shares of Better Home & Finance in the second quarter valued at approximately $6,985,000. Bank of New York Mellon Corp bought a new stake in Better Home & Finance during the 2nd quarter worth approximately $518,000. Stoic Point Capital Management LLC acquired a new stake in Better Home & Finance during the 1st quarter valued at $467,000. Royal Bank of Canada increased its holdings in Better Home & Finance by 1,264.0% during the 1st quarter. Royal Bank of Canada now owns 2,728 shares of the company's stock valued at $97,000 after purchasing an additional 2,528 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in Better Home & Finance in the 1st quarter valued at $505,000. Institutional investors and hedge funds own 20.94% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Better Home & Finance from a "sell" rating to a "strong sell" rating in a report on Saturday, September 12th. Northland Securities raised Better Home & Finance from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a report on Thursday, July 9th. Zacks Research raised Better Home & Finance to a "hold" rating in a research note on Wednesday, July 29th. Cantor Fitzgerald cut Better Home & Finance from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $32.00 to $16.00 in a research report on Thursday, August 13th. Finally, B. Riley Financial initiated coverage on Better Home & Finance in a research note on Wednesday, September 9th. They set a "buy" rating for the company. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $27.86.
Read Our Latest Analysis on Better Home & Finance
Better Home & Finance Company Profile
(
Get Free Report)
Better Home & Finance Holding Company is a technology-driven homeownership platform that provides digital products and services intended to simplify the process of buying, financing and owning a home. Its platform connects consumers with mortgage lending, real estate and related homeownership services through an online experience.
The company's primary business is Better Mortgage, which offers residential home loans, including purchase mortgages and refinancing products. Better also operates services focused on real estate transactions and settlement, including Better Real Estate and Better Settlement Services.
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