Strs Ohio Raises Holdings in Sonder Holdings Inc. (NASDAQ:SOND)

Strs Ohio boosted its stake in shares of Sonder Holdings Inc. (NASDAQ:SONDGet Rating) by 325.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,400 shares of the company’s stock after acquiring an additional 33,200 shares during the quarter. Strs Ohio’s holdings in Sonder were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Greylock 15 GP LLC purchased a new position in Sonder during the 1st quarter valued at $36,507,000. Vanguard Group Inc. purchased a new position in Sonder during the 1st quarter valued at $5,353,000. BlackRock Inc. purchased a new position in Sonder during the 1st quarter valued at $4,936,000. State Street Corp increased its position in Sonder by 382.3% during the 2nd quarter. State Street Corp now owns 981,569 shares of the company’s stock valued at $1,021,000 after purchasing an additional 778,070 shares during the period. Finally, Millennium Management LLC increased its position in Sonder by 172.5% during the 2nd quarter. Millennium Management LLC now owns 917,495 shares of the company’s stock valued at $954,000 after purchasing an additional 580,813 shares during the period. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup reduced their price objective on shares of Sonder from $4.00 to $3.50 in a research report on Sunday, November 13th. JMP Securities reduced their price objective on shares of Sonder from $3.25 to $2.75 and set a “market outperform” rating on the stock in a research report on Tuesday, December 20th.

Sonder Stock Up 4.3 %

NASDAQ:SOND opened at $1.21 on Friday. The firm’s 50-day moving average price is $1.46 and its 200-day moving average price is $1.67. The company has a market capitalization of $263.85 million, a PE ratio of -0.12 and a beta of 2.10. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.43 and a quick ratio of 1.43. Sonder Holdings Inc. has a 1-year low of $0.90 and a 1-year high of $10.88.

Sonder (NASDAQ:SONDGet Rating) last released its earnings results on Wednesday, November 9th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.15). The business had revenue of $124.53 million during the quarter, compared to analysts’ expectations of $120.89 million. Sonder had a negative return on equity of 306.03% and a negative net margin of 41.94%. On average, equities analysts predict that Sonder Holdings Inc. will post -0.49 EPS for the current fiscal year.

About Sonder

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Sonder (NASDAQ:SOND)

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