Stocks of Sonder Holdings Inc. (NASDAQ:SOND) traded higher last session on Wall Street, up 41.37% to $0.76.
According to the data, Sonder Holdings Inc. (NASDAQ:SOND) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $1.50, we find $2.00. Given the previous closing price of $0.53, this indicates a potential upside of 277.36 percent. SOND stock price is now 23.64% away from the 50-day moving average and -46.35% away from the 200-day moving average. The market capitalization of the company currently stands at $225.73M.
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A total of 0 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $1.83 as their price target over the next twelve months.
With the price target of $7, Citigroup recently initiated with Buy rating for Sonder Holdings Inc. (NASDAQ: SOND).
In other news, Rothenberg Philip L, General Counsel & Secretary bought 300,000 shares of the company’s stock on May 17. The stock was bought for $135,000 at an average price of $0.45. Upon completion of the transaction, the General Counsel & Secretary now directly owns 300,000 shares in the company, valued at $0.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, Chief Executive Officer Davidson Francis bought 211,000 shares of the business’s stock. A total of $107,610 was incurred on buying the stock at an average price of $0.51. This leaves the insider owning 4,060,224 shares of the company worth $3.09 million. Insiders disposed of 59,712 shares of company stock worth roughly $45381.12 over the past 1 year. A total of 17.46% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SOND stock. A new stake in Sonder Holdings Inc. shares was purchased by GSA CAPITAL PARTNERS LLP during the first quarter worth $213,000. WELLS FARGO & COMPANY/MN invested $27,000 in shares of SOND during the first quarter. In the first quarter, LINCOLN NATIONAL CORP acquired a new stake in Sonder Holdings Inc. valued at approximately $22,000. CAPROCK GROUP, LLC acquired a new stake in SOND for approximately $16,000. WADDELL & ASSOCIATES, LLC purchased a new stake in SOND valued at around $15,000 in the second quarter. In total, there are 122 active investors with 57.50% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $0.5296 for Sonder Holdings Inc. (NASDAQ: SOND). During the past 12 months, Sonder Holdings Inc. has had a low of $0.27 and a high of $2.77. The fifty day moving average price for SOND is $0.6045 and a two-hundred day moving average price translates $1.4040 for the stock.
The latest earnings results from Sonder Holdings Inc. (NASDAQ: SOND) was released for Mar, 2023. According to the Lodging Company, earnings per share came in at -$0.39, missing analysts’ expectations of -$0.27 by -0.12. This compares to $0.06 EPS in the same period last year. The company reported revenue of $120.74 million for the quarter, compared to $80.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.05 percent. For the current quarter, analysts expect SOND to generate $160.6M in revenue.
Sonder Holdings Inc.(SOND) Company Profile
Sonder Holdings Inc. engages in the hospitality business. It operates and manages properties comprising 1-, 2-, and 3+ bedroom; and studio apartments, as well as 1-bedroom hotel rooms for leisure travelers and families, digital nomads, and business travelers in North America, Europe, and the Middle East. The company is headquartered in San Francisco, California.
