Hotel101 Global (NASDAQ:HBNB) Stock Price Up 7% – Here’s Why

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) rose 7% during trading on Thursday . The company traded as high as $8.11 and last traded at $8.11. Approximately 9,847 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 21,712 shares. The stock had previously closed at $7.58.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen raised Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. Weiss Ratings assumed coverage on shares of Hotel101 Global in a research note on Monday, January 5th. They issued a “sell (d)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hotel101 Global Stock Up 2.9%

The firm’s 50-day moving average is $8.00.

Institutional Investors Weigh In On Hotel101 Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Yakira Capital Management Inc. bought a new position in Hotel101 Global during the 3rd quarter worth $32,000. Citadel Advisors LLC bought a new position in shares of Hotel101 Global in the third quarter worth $43,000. Hudson Bay Capital Management LP acquired a new position in Hotel101 Global in the third quarter valued at about $62,000. Alterna Wealth Management Inc. bought a new stake in Hotel101 Global during the fourth quarter worth about $154,000. Finally, Polar Asset Management Partners Inc. bought a new position in Hotel101 Global in the 3rd quarter valued at about $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.