Hotel101 Global (NASDAQ:HBNB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hotel101 Global (NASDAQ:HBNB) to a sell rating in a report released on Saturday.

Separately, Weiss Ratings started coverage on shares of Hotel101 Global in a report on Monday, January 5th. They issued a “sell (d)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Hotel101 Global presently has an average rating of “Sell”.

Hotel101 Global Price Performance

Shares of NASDAQ:HBNB opened at $9.10 on Friday. Hotel101 Global has a 52-week low of $1.55 and a 52-week high of $9.10. The company has a fifty day moving average of $7.08.

Institutional Trading of Hotel101 Global

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Yakira Capital Management Inc. purchased a new stake in Hotel101 Global in the 3rd quarter valued at about $32,000. Citadel Advisors LLC acquired a new stake in shares of Hotel101 Global during the third quarter valued at about $43,000. Hudson Bay Capital Management LP purchased a new stake in shares of Hotel101 Global in the 3rd quarter valued at approximately $62,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Hotel101 Global in the 3rd quarter valued at 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.