Better Home & Finance (NASDAQ:BETR) COO Sells $242,880.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 6,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $40.48, for a total transaction of $242,880.00. Following the transaction, the chief operating officer owned 27,590 shares of the company’s stock, valued at $1,116,843.20. This represents a 17.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Better Home & Finance Price Performance

NASDAQ:BETR traded down $2.15 during trading hours on Monday, hitting $39.62. The company had a trading volume of 610,408 shares, compared to its average volume of 309,147. The stock has a 50-day moving average price of $57.74 and a 200 day moving average price of $34.21. Better Home & Finance Holding Company has a 52 week low of $7.71 and a 52 week high of $94.06. The company has a market capitalization of $622.03 million, a PE ratio of -3.25 and a beta of 1.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in shares of Better Home & Finance in the 3rd quarter worth about $29,000. Russell Investments Group Ltd. purchased a new stake in Better Home & Finance during the 3rd quarter valued at $31,000. CWM LLC bought a new position in Better Home & Finance in the third quarter worth approximately $42,000. Solstein Capital LLC lifted its holdings in Better Home & Finance by 42.6% in the 3rd quarter. Solstein Capital LLC now owns 2,214 shares of the company’s stock worth $124,000 after purchasing an additional 661 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Better Home & Finance in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

Analysts Set New Price Targets

BETR has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. 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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, October 8th. Finally, Northland Capmk raised Better Home & Finance to a “hold” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

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.