Hotel101 Global Holdings Corp. (NASDAQ:HBNB – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $5.45, but opened at $5.08. Hotel101 Global shares last traded at $5.49, with a volume of 343 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hotel101 Global in a research note on Friday, August 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hotel101 Global has an average rating of “Sell”.
View Our Latest Stock Analysis on Hotel101 Global
Hotel101 Global Stock Performance
Hotel101 Global (NASDAQ:HBNB – Get Free Report) last announced its earnings results on Friday, May 1st. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $29.47 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Hotel101 Global stock. Polar Asset Management Partners Inc. bought a new position in Hotel101 Global Holdings Corp. (NASDAQ:HBNB – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,750 shares of the company’s stock, valued at approximately $88,000.
Hotel101 Global Company Profile
Hotel101 Global, Inc, listed on NASDAQ under the symbol HBNB, is a hospitality company specializing in the ownership, development, and operation of midscale hotels and hotel-branded residences. The company’s flagship brand, Hotel101, offers standardized guest rooms, on-site dining, and meeting facilities designed to serve both business and leisure travelers. Since commencing operations in 2021, Hotel101 Global has focused on a growth strategy that combines new property development with franchising agreements to expand its brand footprint.
Through its operating subsidiaries, Hotel101 Global maintains a portfolio of properties primarily in the Philippines, with key locations in Metro Manila, Bacolod, Iloilo, and Clark, Pampanga.
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