Sonder (NASDAQ:SOND) Trading Up 20.8%

Sonder Holdings Inc. (NASDAQ:SOND)’s stock price shot up 20.8% during mid-day trading on Friday . The company traded as high as $5.89 and last traded at $5.74. 205,827 shares changed hands during mid-day trading, an increase of 209% from the average session volume of 66,652 shares. The stock had previously closed at $4.75.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a “neutral” rating on shares of Sonder in a report on Wednesday, December 20th.

Sonder Price Performance

The firm’s 50 day moving average price is $3.90 and its two-hundred day moving average price is $4.63. The firm has a market cap of $63.48 million, a price-to-earnings ratio of -0.25 and a beta of 1.58.

Institutional Trading of Sonder

Hedge funds and other institutional investors have recently made changes to their positions in the company. Certuity LLC acquired a new stake in shares of Sonder in the 4th quarter valued at approximately $36,000. Pathstone Holdings LLC acquired a new position in Sonder in the 4th quarter valued at $37,000. Mirabella Financial Services LLP acquired a new position in Sonder in the 1st quarter valued at $54,000. JPMorgan Chase & Co. acquired a new position in Sonder in the 1st quarter valued at $54,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Sonder during the 1st quarter valued at $67,000. Hedge funds and other institutional investors own 45.94% of the company’s stock.

Sonder 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.