Better Home & Finance (NASDAQ:BETR) Rating Lowered to Sell at Wall Street Zen

Better Home & Finance (NASDAQ:BETR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other analysts have also issued reports on BETR. Northland Securities started coverage on shares of Better Home & Finance in a research report on Monday, October 6th. They set a “market perform” rating on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Finally, Northland Capmk upgraded shares of Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Better Home & Finance Trading Down 4.6%

NASDAQ BETR opened at $56.89 on Friday. The firm has a market capitalization of $873.26 million, a price-to-earnings ratio of -4.31 and a beta of 1.90. The firm’s 50 day simple moving average is $32.08 and its 200 day simple moving average is $19.69. Better Home & Finance has a 1 year low of $7.71 and a 1 year high of $94.06.

Better Home & Finance (NASDAQ:BETR) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($1.99) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.27) by $0.28. The firm had revenue of $44.14 million for the quarter, compared to analyst estimates of $44.14 million.

Insider Buying and Selling

In other Better Home & Finance news, major shareholder Pbra, Llc sold 995,660 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $50.31, for a total value of $50,091,654.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO J. Calamari Nicholas sold 4,890 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $59.28, for a total transaction of $289,879.20. The disclosure for this sale can be found here. Insiders sold 1,030,497 shares of company stock worth $51,504,973 in the last 90 days. Company insiders own 23.59% of the company’s stock.

Hedge Funds Weigh In On Better Home & Finance

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of Better Home & Finance during the second quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Better Home & Finance during the second quarter worth $33,000. BNP Paribas Financial Markets acquired a new position in shares of Better Home & Finance during the second quarter worth $72,000. New York State Common Retirement Fund acquired a new position in shares of Better Home & Finance during the second quarter worth $100,000. Finally, Bank of America Corp DE lifted its holdings in shares of Better Home & Finance by 87.6% during the second quarter. Bank of America Corp DE now owns 13,871 shares of the company’s stock worth $172,000 after purchasing an additional 6,479 shares during the period. 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.