Better Home & Finance Holding Company (NASDAQ:BETR) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Better Home & Finance Holding Company (NASDAQ:BETR) have been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.71.

A number of research analysts recently issued reports on BETR shares. Zacks Research raised shares of Better Home & Finance to a “hold” rating in a research report on Wednesday, July 29th. Canaccord Genuity Group restated a “buy” rating and issued a $42.00 price objective on shares of Better Home & Finance in a report on Tuesday, August 4th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Better Home & Finance in a research note on Wednesday, October 7th. BTIG Research lowered their target price on shares of Better Home & Finance from $23.00 to $20.00 and set a “buy” rating for the company in a report on Monday, October 12th. Finally, CLSA raised Better Home & Finance to a “buy” rating in a research report on Wednesday, September 9th.

Insider Buying and Selling

In related news, CTO Jonsson Sigurgeir Orn sold 2,210 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $18.94, for a total value of $41,857.40. Following the transaction, the chief technology officer owned 9,602 shares in the company, valued at $181,861.88. The trade was a 18.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chad Smith sold 3,307 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $12.85, for a total transaction of $42,494.95. Following the sale, the insider directly owned 1,693 shares in the company, valued at $21,755.05. This trade represents a 66.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 12,647 shares of company stock worth $176,196 in the last quarter. Corporate insiders own 27.72% of the company’s stock.

Institutional Trading of Better Home & Finance

Several institutional investors have recently added to or reduced their stakes in BETR. Whetstone Capital Advisors LLC bought a new stake in shares of Better Home & Finance in the 2nd quarter worth $6,985,000. Fifth Third Bancorp purchased a new position in shares of Better Home & Finance in the first quarter worth $1,460,000. Quantinno Capital Management LP bought a new position in shares of Better Home & Finance during the first quarter valued at $505,000. Walleye Capital LLC bought a new position in shares of Better Home & Finance during the first quarter valued at $262,000. Finally, Stoic Point Capital Management LLC purchased a new stake in shares of Better Home & Finance during the first quarter valued at $467,000. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

Better Home & Finance Trading Down 16.8%

Shares of BETR stock opened at $15.40 on Thursday. Better Home & Finance has a 12 month low of $7.51 and a 12 month high of $65.32. The stock has a market cap of $292.60 million, a PE ratio of -1.48 and a beta of 1.66. The company’s fifty day moving average price is $13.92 and its 200-day moving average price is $24.50.

Better Home & Finance (NASDAQ:BETR) last released its earnings results on Monday, November 9th. The company reported ($1.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.44) by ($0.49). The business had revenue of $45.12 million during the quarter. Better Home & Finance had a negative return on equity of 475.83% and a negative net margin of 92.56%. On average, sell-side analysts forecast that Better Home & Finance will post -7.98 earnings per share for the current fiscal year.

Key Headlines Impacting Better Home & Finance

Investors following BETR have been watching these headlines:

• Positive Sentiment: Better’s weekly turnaround update said its wholesale platform expanded to 43 brokerages, cost-cutting continued, and the company expects $7.4 million to $9.4 million in additional quarterly savings. It is targeting fourth-quarter operating expenses of $45 million to $47 million. These efforts could improve profitability if achieved. Better weekly scorecard
• Positive Sentiment: Third-quarter loan volume rose 15%, and management is shifting toward partner-driven originations while using its Tinman AI platform. The growth and strategic changes are potential positives, although they have yet to translate into results that meet guidance. Seeking Alpha analysis
• Negative Sentiment: Several law firms renewed notices about a securities class action, with a November 20 deadline to seek lead-plaintiff status. The lawsuit alleges Better reaffirmed a $1 billion monthly funded-volume target despite slowing customer conversions. These remain allegations, but the litigation adds uncertainty. Class action alert

About Better Home & Finance

Better Home & Finance Holding Company is a financial technology company that provides digital services for homeownership. Through its Better brand, the company offers an online platform designed to simplify the process of buying, financing and protecting a home. Its principal businesses include Better Mortgage, a digital mortgage lender and broker; Better Real Estate, which provides residential real estate brokerage services; Better Cover, an insurance platform; and Better Settlement Services, which supports title and closing activities.