Insider Selling: Better Home & Finance (NASDAQ:BETR) Insider Sells $42,494.95 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) insider Chad Smith sold 3,307 shares of Better Home & Finance stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $12.85, for a total transaction of $42,494.95. Following the completion of the transaction, the insider owned 1,693 shares of the company’s stock, valued at $21,755.05. This trade represents a 66.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Better Home & Finance Trading Down 11.0%

NASDAQ BETR traded down $1.43 during trading hours on Thursday, reaching $11.60. 950,988 shares of the company’s stock were exchanged, compared to its average volume of 496,766. The stock has a market cap of $218.89 million, a PE ratio of -1.05 and a beta of 1.73. Better Home & Finance Holding Company has a one year low of $11.43 and a one year high of $94.06. The firm has a fifty day moving average of $23.00 and a 200-day moving average of $29.00.

Better Home & Finance (NASDAQ:BETR) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($1.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.23). The business had revenue of $54.70 million during the quarter. Better Home & Finance had a negative net margin of 94.52% and a negative return on equity of 409.62%. As a group, research analysts forecast that Better Home & Finance Holding Company will post -6.34 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BETR shares. Roth Capital set a $25.00 price target on Better Home & Finance in a report on Thursday, August 13th. Northland Securities upgraded shares of Better Home & Finance from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Thursday, July 9th. Cantor Fitzgerald cut shares of Better Home & Finance from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $32.00 to $16.00 in a research report on Thursday, August 13th. Zacks Research raised Better Home & Finance to a “hold” rating in a research note on Wednesday, July 29th. Finally, Needham & Company LLC reduced their price target on Better Home & Finance from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

Hedge Funds Weigh In On Better Home & Finance

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in shares of Better Home & Finance in the 2nd quarter valued at $29,000. Russell Investments Group Ltd. bought a new stake in shares of Better Home & Finance in the 3rd quarter valued at $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Better Home & Finance during the 2nd quarter worth $33,000. Activest Wealth Management acquired a new stake in Better Home & Finance during the 4th quarter worth $59,000. Finally, BNP Paribas Financial Markets acquired a new stake in Better Home & Finance during the 2nd quarter worth $72,000. 20.94% of the stock is owned by institutional investors.

About Better Home & Finance

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.