Key Points
- General Counsel Paula Tuffin sold 712 BETR shares at an average price of $18.03, worth about $12,837. She retained 42,418 shares after the sale.
- Better Home & Finance reported a quarterly loss of $1.93 per share, worse than analysts’ $1.44-per-share estimate; the stock was reported down 8.1%.
- The company is targeting fourth-quarter operating expenses of $45 million to $47 million and expects an additional $7.4 million to $9.4 million in quarterly savings. It also faces a proposed securities class action based on allegations that it misrepresented progress toward its loan-volume target.
Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) General Counsel Paula Tuffin sold 712 shares of the business's stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $18.03, for a total transaction of $12,837.36. Following the transaction, the general counsel directly owned 42,418 shares in the company, valued at approximately $764,796.54. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Paula Tuffin also recently made the following trade(s):
- On Monday, October 19th, Paula Tuffin sold 1,225 shares of Better Home & Finance stock. The shares were sold at an average price of $10.48, for a total transaction of $12,838.00.
- On Thursday, September 17th, Paula Tuffin sold 3,108 shares of Better Home & Finance stock. The stock was sold at an average price of $12.36, for a total transaction of $38,414.88.
Better Home & Finance Stock Down 8.1%
Better Home & Finance stock opened at $18.51 on Wednesday. Better Home & Finance Holding Company has a fifty-two week low of $7.51 and a fifty-two week high of $65.32. The stock's 50 day simple moving average is $13.85 and its two-hundred day simple moving average is $24.58.
Better Home & Finance (NASDAQ:BETR - Get Free Report) last announced its earnings results on Monday, November 9th. The company reported ($1.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.44) by ($0.49). The firm had revenue of $45.12 million during the quarter. Better Home & Finance had a negative return on equity of 440.39% and a negative net margin of 92.56%. Sell-side analysts forecast that Better Home & Finance Holding Company will post -7.98 earnings per share for the current year.
Better Home & Finance News Summary
Here are the key news stories impacting Better Home & Finance this week:
- Positive Sentiment: Management is targeting fourth-quarter operating expenses of $45 million to $47 million and projects another $7.4 million to $9.4 million in quarterly savings, which could help control costs. Seeking Alpha article
- Neutral Sentiment: B. Riley cut its price target from $26 to $23 but maintained a “buy” rating, signaling a more cautious valuation while retaining a positive recommendation. B. Riley ratings
- Negative Sentiment: BETR reported a third-quarter loss of $1.93 per share, wider than analysts’ $1.44 estimate, while revenue of $45.12 million also reportedly missed expectations. The earnings shortfall is a key near-term pressure on the stock. Quarterly results
- Negative Sentiment: Several law firms publicized a pending securities class action and the November 20 lead-plaintiff deadline. The complaint alleges the company misrepresented progress toward a $1 billion monthly loan-volume target while customer conversions were slowing; these are allegations, not established findings. The litigation adds uncertainty and investor concern. Class action notice
Institutional Trading of Better Home & Finance
A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its stake in shares of Better Home & Finance by 14.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,778 shares of the company's stock worth $53,000 after buying an additional 618 shares during the last quarter. Royal Bank of Canada raised its stake in Better Home & Finance by 1,264.0% during the first quarter. Royal Bank of Canada now owns 2,728 shares of the company's stock valued at $97,000 after buying an additional 2,528 shares during the last quarter. State of Wyoming raised its stake in Better Home & Finance by 210.4% during the third quarter. State of Wyoming now owns 9,494 shares of the company's stock valued at $104,000 after buying an additional 6,435 shares during the last quarter. Walleye Capital LLC purchased a new position in Better Home & Finance during the first quarter valued at $262,000. Finally, Jefferies Financial Group Inc. bought a new stake in Better Home & Finance in the third quarter worth $306,000. 20.94% of the stock is owned by institutional investors.
Analysts Set New Price Targets
BETR has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and issued a $22.00 price objective on shares of Better Home & Finance in a report on Tuesday. Weiss Ratings cut shares of Better Home & Finance from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, October 27th. Wall Street Zen downgraded shares of Better Home & Finance from a "sell" rating to a "strong sell" rating in a research report on Saturday, September 12th. Canaccord Genuity Group reiterated a "buy" rating and issued a $42.00 price target on shares of Better Home & Finance in a research note on Tuesday, August 4th. Finally, Northland Securities set a $18.00 price target on shares of Better Home & Finance in a research note on Wednesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.71.
Read Our Latest Stock Analysis on BETR
About Better Home & Finance
(
Get Free Report)
Better Home & Finance Holding Company is a financial technology company that provides digital services for homeownership. Through its Better brand, the company offers an online platform designed to simplify the process of buying, financing and protecting a home. Its principal businesses include Better Mortgage, a digital mortgage lender and broker; Better Real Estate, which provides residential real estate brokerage services; Better Cover, an insurance platform; and Better Settlement Services, which supports title and closing activities.
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