Better Home & Finance (NASDAQ:BETR) COO Chad Smith Sells 2,567 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 2,567 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $29.80, for a total value of $76,496.60. Following the transaction, the chief operating officer directly owned 20,949 shares of the company’s stock, valued at $624,280.20. This trade represents a 10.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Better Home & Finance Price Performance

Shares of NASDAQ BETR traded up $2.52 during mid-day trading on Tuesday, hitting $31.22. The company had a trading volume of 601,055 shares, compared to its average volume of 442,066. Better Home & Finance Holding Company has a 12 month low of $9.50 and a 12 month high of $94.06. The stock has a market cap of $490.15 million, a price-to-earnings ratio of -2.89 and a beta of 1.98. The firm’s 50 day simple moving average is $32.25 and its two-hundred day simple moving average is $42.77.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in Better Home & Finance in the 2nd quarter valued at about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Better Home & Finance during the 3rd quarter worth about $29,000. Russell Investments Group Ltd. acquired a new stake in shares of Better Home & Finance in the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Better Home & Finance in the second quarter valued at approximately $33,000. Finally, CWM LLC bought a new position in shares of Better Home & Finance in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BETR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, January 21st. Cantor Fitzgerald raised shares of Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.00.

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.