Better Home & Finance (NASDAQ:BETR) Issues Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Better Home & Finance (NASDAQ:BETR) released its quarterly earnings data on Thursday. The company reported ($2.14) EPS for the quarter, missing the consensus estimate of ($2.05) by ($0.09), Zacks reports.

Better Home & Finance Stock Performance

Shares of BETR traded down $1.16 during trading hours on Friday, hitting $56.25. 617,401 shares of the stock were exchanged, compared to its average volume of 292,165. The company has a market cap of $863.49 million, a price-to-earnings ratio of -4.26 and a beta of 1.92. Better Home & Finance has a 12-month low of $7.71 and a 12-month high of $94.06. The stock’s 50-day moving average price is $55.66 and its two-hundred day moving average price is $28.82.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, October 8th. Wall Street Zen downgraded Better Home & Finance from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Finally, Northland Securities assumed coverage on shares of Better Home & Finance in a report on Monday, October 6th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Better Home & Finance currently has an average rating of “Reduce”.

Insider Buying and Selling at Better Home & Finance

In other Better Home & Finance news, major shareholder Pbra, Llc sold 995,660 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $50.31, for a total value of $50,091,654.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO J. Calamari Nicholas sold 12,528 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $59.28, for a total transaction of $742,659.84. Following the completion of the transaction, the chief accounting officer owned 11,341 shares of the company’s stock, valued at approximately $672,294.48. This trade represents a 52.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,030,497 shares of company stock worth $51,504,973. Corporate insiders own 23.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BETR. Geode Capital Management LLC grew its holdings in Better Home & Finance by 90.6% in the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after buying an additional 61,740 shares during the period. Marshall Wace LLP boosted its stake in shares of Better Home & Finance by 151.6% during the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after buying an additional 54,113 shares during the last quarter. UBS Group AG raised its stake in Better Home & Finance by 127.6% during the third quarter. UBS Group AG now owns 55,053 shares of the company’s stock valued at $3,091,000 after buying an additional 30,869 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Better Home & Finance in the 2nd quarter worth about $197,000. Finally, Goldman Sachs Group Inc. grew its position in Better Home & Finance by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after purchasing an additional 8,924 shares during the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

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.