Sonder (NASDAQ:SOND – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday, Zacks.com reports.
According to Zacks, “Sonder Holdings Inc. is a next-generation hospitality company which is redefining the guest experience through technology and design. Sonder Holdings Inc., formerly known as Gores Metropoulos II Inc., is based in SAN FRANCISCO. “
Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of Sonder in a research note on Monday, February 14th. They set a “neutral” rating and a $10.00 price target on the stock. JMP Securities decreased their price target on shares of Sonder from $12.00 to $9.00 and set a “market outperform” rating on the stock in a research note on Thursday, March 10th. Oppenheimer decreased their price target on shares of Sonder from $12.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, March 11th. Finally, Citigroup assumed coverage on shares of Sonder in a research note on Tuesday, April 19th. They set a “buy” rating and a $7.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of 8.25.
Shares of SOND stock opened at 3.52 on Friday. Sonder has a 1 year low of 3.51 and a 1 year high of 10.88. The business’s fifty day moving average is 4.65.
Sonder (NASDAQ:SOND – Get Rating) last announced its earnings results on Wednesday, March 9th. The company reported -8.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of -0.28 by -8.70. The company had revenue of 86.66 million for the quarter, compared to analyst estimates of 58.50 million. On average, analysts expect that Sonder will post -1.37 EPS for the current fiscal year.
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