From Seekingalpha · Seeking Profits · · 50s
Better Home & Finance Downgrades to Hold
Better Home & Finance drops to 'hold' after 80% value loss amid weak mortgage demand and leadership turmoil.
In brief
Better Home & Finance drops to 'hold' after 80% value loss amid weak mortgage demand and leadership turmoil. Better Home & Finance (BETR) upgraded to 'hold' following 80% value loss due to weak mortgage demand and leadership battles. Originally reported by Seekingalpha.
Better Home & Finance Downgrades
Better Home & Finance upgraded to a 'hold' after losing 80% of its value amid weak mortgage demand and a tumultuous leadership battle.
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Q3 results missed expectations with $45M revenue and a $25M EBITDA loss driven by macro headwinds and $8M in proxy fight expenses.
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The headline
Better Home & Finance (BETR) upgraded to 'hold' following 80% value loss due to weak mortgage demand and leadership battles.
