Hotel101 Global (NASDAQ:HBNB) Stock Rating Upgraded by Wall Street Zen

Hotel101 Global (NASDAQ:HBNB) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings assumed coverage on shares of Hotel101 Global in a report on Monday, January 5th. They set a “sell (d)” rating on the stock. 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 Performance

NASDAQ HBNB opened at $8.80 on Friday. The firm’s 50 day moving average is $7.00. Hotel101 Global has a fifty-two week low of $1.55 and a fifty-two week high of $8.90.

Institutional Trading of Hotel101 Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Polar Asset Management Partners Inc. purchased a new stake in shares of Hotel101 Global in the third quarter valued at approximately $88,000. Hudson Bay Capital Management LP bought a new stake in Hotel101 Global during the 3rd quarter valued at $62,000. Citadel Advisors LLC purchased a new stake in shares of Hotel101 Global in the 3rd quarter worth $43,000. Finally, Yakira Capital Management Inc. bought a new position in shares of Hotel101 Global during the 3rd quarter worth $32,000.

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.