Better Home & Finance (NASDAQ:BETR) Shares Gap Up – Still a Buy?

Better Home & Finance Holding Company (NASDAQ:BETR) gapped up prior to trading on Monday . The stock had previously closed at $32.97, but opened at $35.05. Better Home & Finance shares last traded at $35.21, with a volume of 71,331 shares changing hands.

Analysts Set New Price Targets

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

Better Home & Finance Price Performance

The firm’s 50 day simple moving average is $55.24 and its 200-day simple moving average is $35.21. The company has a market cap of $592.68 million, a price-to-earnings ratio of -3.10 and a beta of 1.95.

Insider Activity

In related news, COO Chad M. Smith sold 6,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $40.48, for a total value of $242,880.00. Following the completion of the sale, the chief operating officer owned 27,590 shares in the company, valued at $1,116,843.20. This represents a 17.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO J. Calamari Nicholas sold 12,528 shares of Better Home & Finance stock in a transaction on Monday, October 6th. The shares were 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 in the company, valued at approximately $672,294.48. This represents a 52.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,796 shares of company stock valued at $1,761,258 in the last ninety days. 23.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Better Home & Finance

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Better Home & Finance by 3.1% during the first 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 period. Daymark Wealth Partners LLC acquired a new position in Better Home & Finance in the 2nd quarter valued at $293,000. Geode Capital Management LLC raised its position in Better Home & Finance by 90.6% during 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 last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Better Home & Finance in the 2nd quarter worth $29,000. Finally, XTX Topco Ltd purchased a new stake in shares of Better Home & Finance in the second quarter valued at about $197,000. 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.