Sonder Holdings Inc. (NASDAQ:SOND) Shares Acquired by Moore Capital Management LP

Moore Capital Management LP increased its position in shares of Sonder Holdings Inc. (NASDAQ:SOND – Get Rating) by 160.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,484,218 shares of the company’s stock after acquiring an additional 3,997,805 shares during the quarter. Moore Capital Management LP owned 2.98% of Sonder worth $10,764,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SOND. Tower Research Capital LLC TRC boosted its holdings in shares of Sonder by 189.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 15,829 shares of the company’s stock worth $26,000 after buying an additional 10,359 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Sonder during the 1st quarter worth about $54,000. Mirabella Financial Services LLP acquired a new stake in shares of Sonder during the 1st quarter worth about $54,000. Penserra Capital Management LLC acquired a new stake in shares of Sonder during the 1st quarter worth about $67,000. Finally, Amalgamated Bank increased its position in shares of Sonder by 164.2% during the 3rd quarter. Amalgamated Bank now owns 30,640 shares of the company’s stock worth $51,000 after purchasing an additional 19,042 shares in the last quarter. Institutional investors and hedge funds own 49.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JMP Securities restated a “market outperform” rating and issued a $2.75 price objective on shares of Sonder in a research report on Thursday, March 2nd. Citigroup lowered their price objective on shares of Sonder from $3.50 to $2.00 and set a “buy” rating for the company in a research report on Friday, March 3rd.

Sonder Stock Up 2.8 %

Shares of NASDAQ SOND opened at $1.10 on Thursday. The firm has a market capitalization of $239.87 million, a PE ratio of -1.12 and a beta of 2.16. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 4.26. Sonder Holdings Inc. has a 1 year low of $0.86 and a 1 year high of $5.39. The firm’s 50-day moving average is $1.28 and its 200-day moving average is $1.63.

Sonder Company Profile

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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 professionals in North America, Europe, and the Middle East. As of December 31, 2021, it had approximately 7,600 live units across 38 markets and 10 countries, as well as approximately 10,500 additional contracted units.