Better Home & Finance (NASDAQ:BETR) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Better Home & Finance (NASDAQ:BETR) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other brokerages have also issued reports on BETR. Northland Securities initiated coverage on Better Home & Finance in a report on Monday, October 6th. They set a “market perform” rating for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, October 8th. Finally, Northland Capmk upgraded 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 given a Sell rating to the stock. According to data from MarketBeat.com, Better Home & Finance presently has a consensus rating of “Reduce”.

Better Home & Finance Price Performance

NASDAQ:BETR opened at $50.81 on Friday. Better Home & Finance has a fifty-two week low of $7.71 and a fifty-two week high of $94.06. The stock’s 50-day moving average is $32.82 and its two-hundred day moving average is $19.97. The stock has a market cap of $779.93 million, a PE ratio of -3.85 and a beta of 1.90.

Better Home & Finance (NASDAQ:BETR) last released its earnings results on Wednesday, August 13th. The company reported ($1.99) earnings per share for the quarter, beating the consensus estimate of ($2.27) by $0.28. The business had revenue of $44.14 million for the quarter, compared to analysts’ expectations of $44.14 million.

Insider Activity at Better Home & Finance

In related news, major shareholder Pbra, Llc sold 995,660 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $50.31, for a total value of $50,091,654.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO J. Calamari Nicholas sold 4,890 shares of the business’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 $289,879.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,030,497 shares of company stock valued at $51,504,973. Corporate insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Better Home & Finance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in Better Home & Finance in the 2nd quarter worth approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Better Home & Finance in the 2nd quarter worth approximately $33,000. BNP Paribas Financial Markets bought a new position in Better Home & Finance in the 2nd quarter worth approximately $72,000. New York State Common Retirement Fund bought a new position in Better Home & Finance in the 2nd quarter worth approximately $100,000. Finally, Bank of America Corp DE increased its position in Better Home & Finance by 87.6% in the 2nd quarter. Bank of America Corp DE now owns 13,871 shares of the company’s stock worth $172,000 after buying an additional 6,479 shares during the period. 20.94% of the stock is currently owned by institutional investors and hedge funds.

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.