BUZZ-Better Home & Finance shares rise after announcing a $30 million stock buyback plan
路透社2026/10/08 13:36October 8 - Better Home & Finance (BETR.O), a mortgage and home equity financing company, saw its stock price rise 3.8% to $10.30 in pre-market trading after announcing a share repurchase plan. BETR stated that its board of directors has approved a stock buyback program of up to $30 million, with an initial phase of $10 million to kick off the repurchase. The company plans to adjust the pace of the repurchase based on realized operational cost savings and asset disposal progress, such as the proposed sale of its UK bank subsidiary. The buyback program is set to expire on October 8, 2027. In August, BETR forecasted that its Q3 revenue would be below Wall Street expectations as it focuses on partnership opportunities and accelerating the development of its home equity credit business. As of the previous trading day's close, the company's market capitalization was approximately $175 million. As of Wednesday, the stock has dropped about 70% year-to-date. According to LSEG data, seven out of eight analysts rate the stock as "strong buy" or "buy," with one rating it as "hold"; the median target price is $25. (For the convenience of non-English speakers, Reuters provides translated automated reports in several other languages. As automated translations may contain errors or lack required context, Reuters does not guarantee the accuracy of these texts and provides them simply for convenience. Reuters accepts no liability for any damage or loss arising from the use of automated translation.)
October 8 - ** After mortgage and home equity financing company Better Home & Finance (BETR.O) announced a share repurchase program, its stock rose 3.8% in pre-market trading to $10.30
** BETR said (link) that its board of directors has approved a share repurchase program of up to $30 million; the company plans to start the repurchase with an initial tranche of $10 million
** The company plans to adjust the repurchase pace based on realized operational cost savings and asset disposals (for example, the proposed sale of its UK banking subsidiary)
** The repurchase program will expire on October 8, 2027
** In August, BETR predicted (link) that its third-quarter revenue would be below Wall Street expectations, aiming to focus on partnership opportunities and accelerate the growth of its home equity lending business
** As of the last market close, the company's market value was about $175 million
** As of Wednesday, the stock had fallen about 70% year-to-date
** According to LSEG data, 7 out of 8 analysts rated the stock as "strong buy" or "buy," and 1 as "hold"; the median target price is $25
(To facilitate non-English speakers, Reuters automatically translates its reports into several other languages. Due to possible errors in automated translation or lack of needed context, Reuters does not guarantee the accuracy of automated translation texts and provides them for reader convenience only. Reuters accepts no liability for any damage or loss arising from the use of this automated translation feature.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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