Better Home & Finance (NASDAQ:BETR) General Counsel Paula Tuffin Sells 712 Shares of Stock

Better Home & Finance Holding Company (NASDAQ:BETR) General Counsel Paula Tuffin sold 712 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $18.03, for a total value of $12,837.36. Following the sale, the general counsel owned 42,418 shares in the company, valued at $764,796.54. The trade was a 1.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Paula Tuffin also recently made the following trade(s):

• On Monday, October 19th, Paula Tuffin sold 1,225 shares of Better Home & Finance stock. The stock was sold at an average price of $10.48, for a total value of $12,838.00.
• On Thursday, September 17th, Paula Tuffin sold 3,108 shares of Better Home & Finance stock. The shares were sold at an average price of $12.36, for a total value of $38,414.88.

Better Home & Finance Price Performance

Shares of NASDAQ BETR opened at $18.51 on Wednesday. Better Home & Finance Holding Company has a 1-year low of $7.51 and a 1-year high of $65.32. The stock’s 50-day moving average is $13.85 and its 200 day moving average is $24.58.

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 firm had revenue of $45.12 million during the quarter. Better Home & Finance had a negative return on equity of 440.39% and a negative net margin of 92.56%. Equities research analysts expect that Better Home & Finance Holding Company will post -7.98 earnings per share for the current year.

Hedge Funds Weigh In On Better Home & Finance

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in shares of Better Home & Finance by 14.9% during the third quarter. Russell Investments Group Ltd. now owns 4,778 shares of the company’s stock valued at $53,000 after acquiring an additional 618 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Better Home & Finance in the third quarter worth about $306,000. State of Wyoming increased its holdings in Better Home & Finance by 210.4% during the 3rd quarter. State of Wyoming now owns 9,494 shares of the company’s stock valued at $104,000 after purchasing an additional 6,435 shares during the period. Whetstone Capital Advisors LLC purchased a new position in Better Home & Finance during the 2nd quarter valued at about $6,985,000. Finally, Bank of New York Mellon Corp bought a new position in Better Home & Finance during the 2nd quarter valued at approximately $518,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Better Home & Finance

Here are the key news stories impacting Better Home & Finance this week:

• Positive Sentiment: Management is targeting fourth-quarter operating expenses of $45 million to $47 million and projects another $7.4 million to $9.4 million in quarterly savings, which could help control costs. Seeking Alpha article
• Neutral Sentiment: B. Riley cut its price target from $26 to $23 but maintained a “buy” rating, signaling a more cautious valuation while retaining a positive recommendation. B. Riley ratings
• Negative Sentiment: BETR reported a third-quarter loss of $1.93 per share, wider than analysts’ $1.44 estimate, while revenue of $45.12 million also reportedly missed expectations. The earnings shortfall is a key near-term pressure on the stock. Quarterly results
• Negative Sentiment: Several law firms publicized a pending securities class action and the November 20 lead-plaintiff deadline. The complaint alleges the company misrepresented progress toward a $1 billion monthly loan-volume target while customer conversions were slowing; these are allegations, not established findings. The litigation adds uncertainty and investor concern. Class action notice

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BETR shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Better Home & Finance in a research note on Tuesday, August 4th. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 12th. Weiss Ratings downgraded shares of Better Home & Finance from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 27th. Northland Securities set a $18.00 price target on shares of Better Home & Finance in a research report on Wednesday, October 7th. Finally, Roth Capital set a $25.00 price target on shares of Better Home & Finance in a research report on Thursday, August 13th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Better Home & Finance presently has a consensus rating of “Moderate Buy” and an average target price of $23.71.

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.