Insider Selling: Better Home & Finance (NASDAQ:BETR) COO Sells 2,378 Shares of Stock

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 2,378 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $47.67, for a total transaction of $113,359.26. Following the transaction, the chief operating officer owned 33,590 shares of the company’s stock, valued at $1,601,235.30. This trade represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Better Home & Finance Trading Down 5.1%

BETR traded down $2.15 during midday trading on Monday, hitting $39.62. The company’s stock had a trading volume of 610,408 shares, compared to its average volume of 309,147. The firm has a 50-day moving average price of $57.74 and a two-hundred day moving average price of $34.21. The firm has a market cap of $622.03 million, a P/E ratio of -3.25 and a beta of 1.96. Better Home & Finance Holding Company has a 52-week low of $7.71 and a 52-week high of $94.06.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in shares of Better Home & Finance during the second quarter valued at $29,000. FNY Investment Advisers LLC purchased a new stake in Better Home & Finance in the third quarter valued at approximately $29,000. Russell Investments Group Ltd. acquired a new position in Better Home & Finance during the 3rd quarter worth $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Better Home & Finance in the 2nd quarter valued at $33,000. Finally, CWM LLC acquired a new position in Better Home & Finance in the 3rd quarter valued at $42,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BETR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Northland Securities assumed coverage on Better Home & Finance in a research report on Monday, October 6th. They set a “market perform” rating for the company. Wall Street Zen cut Better Home & Finance from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Finally, Northland Capmk upgraded shares of Better Home & Finance to a “hold” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Better Home & Finance currently has a consensus 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.