Sonder (NASDAQ:SOND) Trading Up 1.2% – Time to Buy?

Sonder Holdings Inc. (NASDAQ:SOND) shares were up 1.2% during mid-day trading on Thursday . The company traded as high as $3.26 and last traded at $3.26. Approximately 34,370 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 276,667 shares. The stock had previously closed at $3.22.

Sonder Trading Down 3.1 %

The firm has a market cap of $34.97 million, a price-to-earnings ratio of -0.19 and a beta of 1.74. The firm’s 50-day moving average is $3.39 and its 200-day moving average is $4.01.

Sonder (NASDAQ:SOND) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.94 earnings per share (EPS) for the quarter. The business had revenue of $164.60 million for the quarter.

Institutional Trading of Sonder

Institutional investors and hedge funds have recently modified their holdings of the stock. Polar Asset Management Partners Inc. bought a new stake in shares of Sonder in the 3rd quarter worth $6,786,000. State Street Corp boosted its stake in shares of Sonder by 28.6% in the 3rd quarter. State Street Corp now owns 36,019 shares of the company’s stock worth $169,000 after buying an additional 8,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Sonder by 4.7% during the third quarter. Geode Capital Management LLC now owns 102,142 shares of the company’s stock valued at $478,000 after acquiring an additional 4,612 shares during the last quarter. 45.94% of the stock is owned by hedge funds and other institutional investors.

About Sonder

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.