Airbnb (NASDAQ:ABNB) Stock Rating Reaffirmed by Tigress Financial

Airbnb (NASDAQ:ABNB)‘s stock had its “buy” rating restated by Tigress Financial in a note issued to investors on Wednesday, TipRanks reports. They presently have a $206.00 price target on the stock. Tigress Financial’s price target points to a potential upside of 24.90% from the company’s previous close.

ABNB has been the subject of a number of other research reports. Loop Capital lifted their target price on shares of Airbnb from $195.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, June 9th. They noted that the move was a valuation call. The Goldman Sachs Group initiated coverage on shares of Airbnb in a research note on Monday. They set a “sell” rating and a $132.00 target price for the company. BTIG Research raised shares of Airbnb from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $172.50 to $170.00 in a research note on Thursday, July 22nd. Zacks Investment Research downgraded shares of Airbnb from a “buy” rating to a “hold” rating in a research note on Thursday, August 12th. Finally, Citigroup lifted their price target on shares of Airbnb from $149.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, August 17th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus target price of $170.79.

Shares of NASDAQ:ABNB traded up $1.63 during mid-day trading on Wednesday, reaching $164.93. 156,980 shares of the company’s stock were exchanged, compared to its average volume of 6,799,671. The firm has a market capitalization of $103.68 billion and a price-to-earnings ratio of -10.61. The business’s fifty day moving average price is $149.09 and its 200-day moving average price is $159.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.48 and a current ratio of 1.48. Airbnb has a twelve month low of $121.50 and a twelve month high of $219.94.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, August 11th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.36. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Analysts predict that Airbnb will post -0.24 EPS for the current fiscal year.

In other Airbnb news, insider Joseph Gebbia sold 145,833 shares of the stock in a transaction on Thursday, July 1st. The shares were sold at an average price of $154.16, for a total transaction of $22,481,615.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Belinda J. Johnson sold 50,000 shares of the stock in a transaction on Tuesday, August 24th. The shares were sold at an average price of $159.00, for a total transaction of $7,950,000.00. Following the sale, the director now directly owns 5,074 shares of the company’s stock, valued at approximately $806,766. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,189,569 shares of company stock worth $319,883,504. Corporate insiders own 36.30% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. 6elm Capital LP boosted its holdings in shares of Airbnb by 57.8% during the 1st quarter. 6elm Capital LP now owns 74,152 shares of the company’s stock valued at $13,936,000 after acquiring an additional 27,152 shares during the last quarter. Waypoint Wealth Partners Inc. purchased a new position in Airbnb during the second quarter valued at approximately $38,177,000. Terra Nova Asset Management LLC lifted its holdings in Airbnb by 20.3% during the second quarter. Terra Nova Asset Management LLC now owns 13,152 shares of the company’s stock valued at $2,014,000 after purchasing an additional 2,217 shares in the last quarter. NZS Capital LLC bought a new stake in shares of Airbnb during the second quarter valued at approximately $5,912,000. Finally, Gainplan LLC bought a new stake in shares of Airbnb during the first quarter valued at approximately $474,000. Institutional investors own 25.22% of the company’s stock.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc and changed its name to Airbnb, Inc in November 2010.

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Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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