Chad Smith Sells 6,000 Shares of Better Home & Finance (NASDAQ:BETR) Stock

by · The Markets Daily

Better Home & Finance Holding Company (NASDAQ:BETR – Get Free Report) COO Chad Smith sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $36.70, for a total transaction of $220,200.00. Following the completion of the transaction, the chief operating officer owned 21,590 shares in the company, valued at approximately $792,353. This represents a 21.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Better Home & Finance Stock Performance

Shares of BETR traded down $2.05 on Tuesday, hitting $31.87. 459,257 shares of the stock traded hands, compared to its average volume of 508,663. Better Home & Finance Holding Company has a one year low of $8.90 and a one year high of $94.06. The company has a market capitalization of $500.26 million, a PE ratio of -2.61 and a beta of 1.99. The business has a 50 day simple moving average of $42.23 and a 200 day simple moving average of $38.25.

Institutional Trading of Better Home & Finance

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in shares of Better Home & Finance during the 2nd quarter valued at $29,000. FNY Investment Advisers LLC bought a new position in shares of Better Home & Finance during the 3rd quarter valued at approximately $29,000. Russell Investments Group Ltd. bought a new stake in Better Home & Finance in the third quarter worth $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Better Home & Finance during the second quarter valued at $33,000. Finally, CWM LLC purchased a new position in shares of Better Home & Finance in the 3rd quarter worth $42,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on BETR

About Better Home & Finance

(Get Free Report)

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.

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