Hotel101 Global (NASDAQ:HBNB) Shares Gap Down – Time to Sell?

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) gapped down prior to trading on Friday . The stock had previously closed at $8.15, but opened at $7.47. Hotel101 Global shares last traded at $8.45, with a volume of 8,798 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HBNB shares. Weiss Ratings began coverage on shares of Hotel101 Global in a research note on Monday, January 5th. They set a “sell (d)” rating on the stock. Wall Street Zen upgraded Hotel101 Global to a “sell” rating in a research report on Saturday, January 10th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Hotel101 Global Stock Performance

The company has a 50-day moving average price of $7.98.

Institutional Investors Weigh In On Hotel101 Global

A number of institutional investors have recently added to or reduced their stakes in the company. Yakira Capital Management Inc. purchased a new stake in shares of Hotel101 Global during the third quarter valued at $32,000. Citadel Advisors LLC purchased a new stake in Hotel101 Global during the third quarter valued at about $43,000. Hudson Bay Capital Management LP purchased a new stake in Hotel101 Global during the third quarter valued at about $62,000. Alterna Wealth Management Inc. acquired a new position in shares of Hotel101 Global in the fourth quarter worth about $154,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Hotel101 Global in the third quarter worth approximately $88,000.

About Hotel101 Global

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.