Sonder (NASDAQ:SOND) Stock Price Down 0.5% – Time to Sell?

Sonder Holdings Inc. (NASDAQ:SOND) fell 0.5% on Thursday . The company traded as low as $2.11 and last traded at $2.15. 6,874 shares traded hands during trading, a decline of 97% from the average session volume of 270,881 shares. The stock had previously closed at $2.16.

Sonder Trading Down 0.5 %

The firm’s fifty day moving average price is $2.77 and its 200-day moving average price is $3.44. The company has a market cap of $23.79 million, a price-to-earnings ratio of -0.08 and a beta of 1.76.

Sonder (NASDAQ:SOND) last posted its earnings results on Wednesday, February 12th. The company reported ($17.82) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Sonder

Several institutional investors and hedge funds have recently modified their holdings of the business. Polar Asset Management Partners Inc. raised its holdings in Sonder by 244.8% during the 4th quarter. Polar Asset Management Partners Inc. now owns 5,000,000 shares of the company’s stock worth $15,900,000 after buying an additional 3,550,000 shares during the period. Geode Capital Management LLC increased its position in shares of Sonder by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 106,039 shares of the company’s stock worth $337,000 after acquiring an additional 3,897 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Sonder by 44.7% during the fourth quarter. Northern Trust Corp now owns 43,492 shares of the company’s stock worth $138,000 after acquiring an additional 13,445 shares during the period. State Street Corp raised its holdings in shares of Sonder by 28.6% during the third quarter. State Street Corp now owns 36,019 shares of the company’s stock worth $169,000 after acquiring an additional 8,000 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in Sonder in the 4th quarter valued at $54,000. 45.94% of the stock is currently owned by institutional investors and hedge funds.

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.