Better Home & Finance (NASDAQ:BETR – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
Better Home & Finance Trading Up 1.5%
BETR opened at $24.99 on Friday. The firm has a market cap of $382.10 million, a P/E ratio of -1.89 and a beta of 1.58. Better Home & Finance has a 12 month low of $7.71 and a 12 month high of $25.94. The stock has a 50-day moving average of $17.02 and a 200 day moving average of $14.09.
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Better Home & Finance (NASDAQ:BETR – Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($1.99) EPS for the quarter, topping the consensus estimate of ($2.27) by $0.28. The company had revenue of $44.14 million during the quarter, compared to analyst estimates of $44.14 million. Better Home & Finance had a negative return on equity of 1,105.80% and a negative net margin of 153.25%.
Insider Buying and Selling
In related news, CAO J. Calamari Nicholas sold 12,527 shares of Better Home & Finance stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $21.86, for a total value of $273,840.22. Following the completion of the transaction, the chief accounting officer owned 9,451 shares in the company, valued at approximately $206,598.86. This trade represents a 57.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.59% of the company’s stock.
Institutional Trading of Better Home & Finance
Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Better Home & Finance in the second quarter worth about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Better Home & Finance in the second quarter worth about $33,000. BNP Paribas Financial Markets bought a new stake in Better Home & Finance in the second quarter worth about $72,000. New York State Common Retirement Fund bought a new stake in Better Home & Finance in the second quarter worth about $100,000. Finally, Bank of America Corp DE lifted its stake in Better Home & Finance by 87.6% in 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 last quarter. Institutional investors own 20.94% of the company’s stock.
Better Home & Finance Company Profile
(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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Wall Street Zen Upgrades Better Home & Finance (NASDAQ:BETR) to “Hold”
