Better Home & Finance: A Closer Look at Recent Stock Performance

Better Home & Finance, a company that helps people with homeownership, saw its stock drop a bit recently. On a Thursday, the stock price fell by 0. 7%. It went as low as $20. 60 but ended the day at $21. 15. More people traded shares that day compared to usual, with 62, 941 shares changing hands, which is a 4% increase from the average. The company is worth about $323. 38 million, and it has some interesting numbers like a P/E ratio of -1. 60 and a beta of 1. 51. Over the last 50 days, the average stock price was $14. 61, and over the last 200 days, it was $13. 15. Recently, Better Home & Finance shared its earnings. They reported a loss of $1. 99 per share, but this was better than what experts expected, which was a loss of $2. 27 per share. The company made $44. 14 million in revenue, matching what analysts predicted. However, their profit margin was negative at 153. 25%, and their return on equity was also deeply negative at 1, 105. 80%. Big investors have been paying attention to Better Home & Finance. JPMorgan Chase & Co. , MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. , and BNP Paribas Financial Markets all bought new shares in the company. New York State Common Retirement Fund also invested about $100, 000 in the second quarter. Bank of America Corp DE increased its stake by 87. 6%, now owning 13, 871 shares worth $172, 000. In total, hedge funds and big investors own 20. 94% of the company’s stock. Better Home & Finance offers a range of services, including mortgage loans, real estate agent services, and insurance. The company was founded in 2014 and is based in New York, NY.