Better Home & Finance Holding Co (NASDAQ:BETR) gain 19.93% – Is It right time to buy?

Rosalind Gate

Better Home & Finance Holding Co (BETR) saw an uptrend of 19.93% in the recent trading with $59.87 being its most recent. The current price level -36.35% lower than the highest price of $94.06 marked by the stock while trading over the past 52-weeks, whereas it is 676.86% higher than the lowest price of $7.71 the company dropped to over past 52-weeks. The latest news story on BETR appeared in (Business Wire) under the title “Finance of America Partners with Better.com to Leverage Tinman AI Platform – Expanding Home Equity Product Suite for Homeowners Over 55”.

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.

Better Home & Finance Holding Co Earnings – What Happened With BETR

Coming around sales and income figures on BETR Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

BETR – Better Home & Finance Holding Co Stock Earnings Estimates

The perspective of Better Home & Finance Holding Co (NASDAQ:BETR)’s current quarter earnings identifies that analysts are in consensus over the estimate of -2.18 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -1.99.

Better Home & Finance Holding Co – Insider Activity and Holdings

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 9.72 million. BETR does have institutional investors; and they hold 17.74% of the stock.

As on 2024-06-30, PINE BROOK ROAD ADVISORS, L.P. was the top most holder in Better Home & Finance Holding Co (NASDAQ:BETR) with an ownership of 49.78 million shares of the company or 6.578 of the stake worth $22.85 million. The filing also reveals HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND as the second largest holder in the company with a control over 3.883 of the outstanding shares. Its stake is worth $13.49 million for having 29.39 million shares in hand.

CATTERTON MANAGEMENT COMPANY, L.L.C. also came holding a key position in the company during the recent quarter and it now holds 3.0659 of the outstanding shares. With this there are now 70.0 institutions which have possession in BETR’s shares.

Key Metrics for BETR

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Better Home & Finance Holding Co has a debt to equity ratio of 6.74.

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