Better Home & Finance (NASDAQ:BETR) Director J. Calamari Nicholas Sells 765 Shares of Company Stock

by · The Markets Daily

Better Home & Finance Holding Company (NASDAQ:BETR – Get Free Report) Director J. Nicholas sold 765 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $18.11, for a total value of $13,854.15. Following the sale, the director directly owned 67,852 shares of the company’s stock, valued at $1,228,799.72. This represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

J. Calamari Nicholas also recently made the following trade(s):

  • On Monday, October 19th, J. Nicholas sold 1,320 shares of Better Home & Finance stock. The shares were sold at an average price of $10.53, for a total transaction of $13,899.60.

Better Home & Finance Stock Down 8.1%

Shares of NASDAQ BETR opened at $18.51 on Wednesday. Better Home & Finance Holding Company has a 1 year low of $7.51 and a 1 year high of $65.32. The firm’s 50-day moving average is $13.85 and its 200-day moving average is $24.58.

Better Home & Finance (NASDAQ:BETR – Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The company reported ($1.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.44) by ($0.49). Better Home & Finance had a negative return on equity of 440.39% and a negative net margin of 92.56%. The business had revenue of $45.12 million for the quarter. As a group, analysts predict that Better Home & Finance Holding Company will post -7.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Whetstone Capital Advisors LLC bought a new stake in Better Home & Finance in the second quarter valued at approximately $6,985,000. Fifth Third Bancorp bought a new position in shares of Better Home & Finance during the first quarter worth $1,460,000. Jefferies Financial Group Inc. bought a new position in shares of Better Home & Finance during the third quarter worth $306,000. Bank of New York Mellon Corp acquired a new position in shares of Better Home & Finance in the 2nd quarter valued at $518,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Better Home & Finance in the 1st quarter valued at $505,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on BETR shares. Canaccord Genuity Group reiterated a “buy” rating and set a $42.00 target price on shares of Better Home & Finance in a research report on Tuesday, August 4th. Northland Securities set a $18.00 price objective on Better Home & Finance in a research note on Wednesday, October 7th. B. Riley Financial decreased their price objective on Better Home & Finance from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Better Home & Finance in a report on Wednesday, October 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $22.00 target price on shares of Better Home & Finance in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.71.

Get Our Latest Research Report on Better Home & Finance

More Better Home & Finance News

Here are the key news stories impacting Better Home & Finance this week:

  • Positive Sentiment: Management is targeting fourth-quarter operating expenses of $45 million to $47 million and projects another $7.4 million to $9.4 million in quarterly savings, which could help control costs. Seeking Alpha article
  • Neutral Sentiment: B. Riley cut its price target from $26 to $23 but maintained a “buy” rating, signaling a more cautious valuation while retaining a positive recommendation. B. Riley ratings
  • Negative Sentiment: BETR reported a third-quarter loss of $1.93 per share, wider than analysts’ $1.44 estimate, while revenue of $45.12 million also reportedly missed expectations. The earnings shortfall is a key near-term pressure on the stock. Quarterly results
  • Negative Sentiment: Several law firms publicized a pending securities class action and the November 20 lead-plaintiff deadline. The complaint alleges the company misrepresented progress toward a $1 billion monthly loan-volume target while customer conversions were slowing; these are allegations, not established findings. The litigation adds uncertainty and investor concern. Class action notice

About Better Home & Finance

(Get Free Report)

Better Home & Finance Holding Company is a financial technology company that provides digital services for homeownership. Through its Better brand, the company offers an online platform designed to simplify the process of buying, financing and protecting a home. Its principal businesses include Better Mortgage, a digital mortgage lender and broker; Better Real Estate, which provides residential real estate brokerage services; Better Cover, an insurance platform; and Better Settlement Services, which supports title and closing activities.

Recommended Stories