Better Home & Finance slips after downbeat Q3 revenue forecast

** Mortgage and home equity finance company Better Home & Finance's BETR.O shares fall 6.9% to $15.50 premarket

** BETR late Thursday forecast Q3 revenue below Wall Street estimates as it streamlines focus on partnership opportunities and accelerating growth in HELOC business

** Home equity line of credit allows consumers to borrow for large expenses against their home

** "While we expect investors will be disappointed with the soft outlook, we believe this is the right long-term decision as it will reduce interest rate sensitivity, streamline organizational efficiency, and reduce the need for significant customer acquisition spend," Needham analyst Kyle Peterson says

** 6 of 7 brokerages rate the stock "buy" or higher and 1 "hold"; median PT $35 - data compiled by LSEG

** As of last close, BETR stock down 48.9% YTD