Whetstone Capital Advisors LLC Invests $6.99 Million in Better Home & Finance Holding Company $BETR

Whetstone Capital Advisors LLC bought a new stake in shares of Better Home & Finance Holding Company (NASDAQ:BETR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 253,987 shares of the company’s stock, valued at approximately $6,985,000. Better Home & Finance comprises approximately 1.8% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other institutional investors also recently bought and sold shares of BETR. Vanguard Group Inc. boosted its stake in Better Home & Finance by 1.6% during the third quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock worth $22,394,000 after buying an additional 6,374 shares during the period. Goldman Sachs Group Inc. grew its holdings in Better Home & Finance by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after purchasing an additional 8,924 shares during the last quarter. California State Teachers Retirement System raised its position in Better Home & Finance by 4,324.3% in the 2nd quarter. California State Teachers Retirement System now owns 243,513 shares of the company’s stock worth $6,697,000 after purchasing an additional 238,009 shares during the period. Geode Capital Management LLC lifted its stake in Better Home & Finance by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 151,187 shares of the company’s stock worth $4,927,000 after purchasing an additional 11,922 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Better Home & Finance by 14.2% during the fourth quarter. State Street Corp now owns 116,597 shares of the company’s stock valued at $3,799,000 after buying an additional 14,540 shares during the period. 20.94% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Chad Smith sold 3,307 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $12.85, for a total transaction of $42,494.95. Following the transaction, the insider owned 1,693 shares of the company’s stock, valued at approximately $21,755.05. This represents a 66.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 27.72% of the company’s stock.

Analyst Ratings Changes

BETR has been the subject of a number of research analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $42.00 price target on shares of Better Home & Finance in a research note on Tuesday, August 4th. BTIG Research decreased their target price on Better Home & Finance from $36.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Needham & Company LLC decreased their target price on Better Home & Finance from $35.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, August 7th. CLSA raised shares of Better Home & Finance to a “buy” rating in a research note on Wednesday. Finally, Cantor Fitzgerald cut shares of Better Home & Finance from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $32.00 to $16.00 in a report on Thursday, August 13th. Eight equities research 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 data from MarketBeat, Better Home & Finance presently has an average rating of “Moderate Buy” and an average target price of $27.86.

Better Home & Finance Stock Performance

Shares of NASDAQ BETR opened at $13.46 on Thursday. Better Home & Finance Holding Company has a 52-week low of $11.11 and a 52-week high of $94.06. The firm has a market capitalization of $255.74 million, a price-to-earnings ratio of -1.22 and a beta of 1.68. The stock has a 50 day moving average price of $18.81 and a 200 day moving average price of $27.31.

Better Home & Finance (NASDAQ:BETR) last released its quarterly earnings data on Thursday, August 6th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.23). The firm had revenue of $54.70 million for the quarter. Better Home & Finance had a negative return on equity of 409.62% and a negative net margin of 94.52%. Analysts forecast that Better Home & Finance Holding Company will post -6.56 earnings per share for the current year.

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.