Better Home & Finance Holding Company (NASDAQ:BETR) Short Interest Down 16.5% in April

Better Home & Finance Holding Company (NASDAQ:BETR) saw a large decrease in short interest in April. As of April 15th, there was short interest totaling 2,089,812 shares, a decrease of 16.5% from the March 31st total of 2,502,685 shares. Based on an average daily volume of 748,742 shares, the short-interest ratio is currently 2.8 days. Approximately 16.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BETR shares. Wall Street Zen upgraded Better Home & Finance from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Cantor Fitzgerald upgraded Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Better Home & Finance has a consensus rating of “Hold” and a consensus price target of $40.00.

Better Home & Finance Stock Up 5.1%

Shares of BETR opened at $41.13 on Friday. The stock has a market capitalization of $676.59 million, a P/E ratio of -3.80 and a beta of 1.91. The firm has a fifty day simple moving average of $35.31 and a two-hundred day simple moving average of $41.63. Better Home & Finance has a twelve month low of $10.81 and a twelve month high of $94.06.

Insider Buying and Selling at Better Home & Finance

In other Better Home & Finance news, major shareholder Ventures Iv L.P. Framework acquired 54,384 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $32.96 per share, with a total value of $1,792,496.64. Following the purchase, the insider owned 1,006,696 shares of the company’s stock, valued at approximately $33,180,700.16. This trade represents a 5.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jonsson Sigurgeir Orn acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was acquired at an average cost of $36.09 per share, with a total value of $36,090.00. Following the purchase, the chief technology officer directly owned 3,497 shares in the company, valued at $126,206.73. This represents a 40.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 268,893 shares of company stock worth $8,603,664 and sold 24,112 shares worth $695,807. Corporate insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Better Home & Finance

Several institutional investors have recently added to or reduced their stakes in BETR. Goldman Sachs Group Inc. boosted its position 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 buying an additional 8,924 shares during the period. Geode Capital Management LLC lifted 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 worth $1,609,000 after buying an additional 61,740 shares during the period. JPMorgan Chase & Co. purchased a new stake in Better Home & Finance in the 2nd quarter worth approximately $29,000. XTX Topco Ltd purchased a new stake in Better Home & Finance in the 2nd quarter worth approximately $197,000. Finally, New York State Common Retirement Fund purchased a new stake in Better Home & Finance in the 2nd quarter worth approximately $100,000. Hedge funds and other institutional investors 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.