Sonder (NASDAQ:SOND) Trading 1.2% Higher – What’s Next?

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

Sonder Price Performance

The stock has a market cap of $36.07 million, a PE ratio of -0.20 and a beta of 1.74. The company has a 50-day simple moving average of $3.43 and a 200-day simple moving average of $4.02.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SOND. State Street Corp grew its position in shares of Sonder by 28.6% in the third quarter. State Street Corp now owns 36,019 shares of the company’s stock valued at $169,000 after purchasing an additional 8,000 shares during the last quarter. Geode Capital Management LLC increased its position in Sonder by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 102,142 shares of the company’s stock worth $478,000 after purchasing an additional 4,612 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in Sonder in the 3rd quarter valued at about $6,786,000. Institutional investors and hedge funds 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.