Better Home & Finance (NASDAQ:BETR) Trading 5.1% Higher – Still a Buy?

Better Home & Finance Holding Company (NASDAQ:BETR) shares shot up 5.1% on Wednesday . The stock traded as high as $37.61 and last traded at $37.7510. 195,147 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 313,010 shares. The stock had previously closed at $35.92.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BETR shares. Wall Street Zen lowered 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 upgraded Better Home & Finance to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Better Home & Finance Trading Up 5.1%

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

Insider Activity at Better Home & Finance

In other Better Home & Finance news, COO Chad M. Smith sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $40.48, for a total value of $242,880.00. Following the completion of the transaction, the chief operating officer directly owned 27,590 shares in the company, valued at $1,116,843.20. This trade represents a 17.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO J. Calamari Nicholas sold 12,528 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $59.28, for a total value of $742,659.84. Following the completion of the sale, the chief accounting officer directly owned 11,341 shares of the company’s stock, valued at approximately $672,294.48. The trade was a 52.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 33,796 shares of company stock valued at $1,761,258. Insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Better Home & Finance

Several hedge funds have recently bought and sold shares of BETR. Goldman Sachs Group Inc. grew its position in Better Home & Finance by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock valued at $3,207,000 after purchasing an additional 8,924 shares during the period. Gratia Capital LLC purchased a new stake in shares of Better Home & Finance during the second quarter valued at approximately $1,797,000. Daymark Wealth Partners LLC purchased a new position in shares of Better Home & Finance in the 2nd quarter worth about $293,000. Quadrature Capital Ltd purchased a new position in Better Home & Finance in the second quarter valued at about $173,000. Finally, BNP Paribas Financial Markets increased its position in Better Home & Finance by 15.3% in the third quarter. BNP Paribas Financial Markets now owns 6,729 shares of the company’s stock worth $378,000 after buying an additional 894 shares during the last quarter. 20.94% of the stock is currently owned by institutional investors and hedge funds.

About Better Home & Finance

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.