Better Home & Finance (NASDAQ:BETR) Stock Price Down 8.1% – Time to Sell?

Better Home & Finance Holding Company (NASDAQ:BETR) shares traded down 8.1% during trading on Wednesday . The company traded as low as $35.69 and last traded at $35.7490. 242,232 shares changed hands during trading, a decline of 22% from the average session volume of 309,258 shares. The stock had previously closed at $38.88.

Analysts Set New Price Targets

A number of analysts recently weighed in on BETR shares. Wall Street Zen cut shares of Better Home & Finance from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Northland Securities initiated coverage on Better Home & Finance in a research report on Monday, October 6th. They set a “market perform” rating for the company. Finally, Northland Capmk upgraded shares of Better Home & Finance to a “hold” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Better Home & Finance Stock Down 6.6%

The stock has a fifty day moving average of $55.80 and a 200-day moving average of $34.54.

Insider Buying and Selling at Better Home & Finance

In other Better Home & Finance news, CAO J. Calamari Nicholas sold 12,528 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $59.28, for a total value of $742,659.84. Following the sale, the chief accounting officer owned 11,341 shares of the company’s stock, valued at $672,294.48. This trade represents a 52.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Paula Tuffin sold 8,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $46.56, for a total transaction of $372,480.00. Following the completion of the sale, the general counsel owned 32,344 shares in the company, valued at $1,505,936.64. This represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,029,456 shares of company stock worth $51,852,913 over the last quarter. Company insiders own 23.59% of the company’s stock.

Institutional Trading of Better Home & Finance

Large investors have recently bought and sold shares of the stock. Gratia Capital LLC acquired a new stake in shares of Better Home & Finance during the 2nd quarter worth about $1,797,000. Geode Capital Management LLC raised its stake in shares of Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after acquiring an additional 61,740 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Better Home & Finance by 151.6% in the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock worth $1,113,000 after acquiring an additional 54,113 shares in the last quarter. UBS Group AG grew its position in Better Home & Finance by 127.6% during the 3rd quarter. UBS Group AG now owns 55,053 shares of the company’s stock worth $3,091,000 after acquiring an additional 30,869 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new stake in Better Home & Finance during the 3rd quarter worth approximately $1,647,000. 20.94% of the stock is currently 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.