JMP Securities Reaffirms "Market Perform" Rating for Airbnb (NASDAQ:ABNB)

Airbnb (NASDAQ:ABNB - Get Free Report)'s stock had its "market perform" rating restated by research analysts at JMP Securities in a note issued to investors on Friday,Benzinga reports.

ABNB has been the topic of a number of other research reports. HSBC raised shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded Airbnb from a "hold" rating to a "buy" rating and upped their price target for the stock from $165.00 to $185.00 in a research note on Monday, March 10th. Benchmark lifted their price objective on Airbnb from $150.00 to $178.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Airbnb in a research note on Friday. Finally, Piper Sandler dropped their target price on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $142.31.

Airbnb Stock Performance

ABNB stock traded down $0.37 on Friday, hitting $124.89. The company's stock had a trading volume of 6,761,179 shares, compared to its average volume of 4,900,209. Airbnb has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $78.75 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The firm has a 50 day moving average of $123.16 and a two-hundred day moving average of $131.52.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Airbnb's quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts predict that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $114.22, for a total value of $24,475,632.70. Following the sale, the director now directly owns 2,080,585 shares of the company's stock, valued at approximately $237,644,418.70. This represents a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total transaction of $90,706.00. Following the sale, the chief technology officer now directly owns 181,914 shares in the company, valued at $23,572,416.12. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,960,385 shares of company stock valued at $267,493,266. 27.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in Airbnb during the 4th quarter worth $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb during the 4th quarter valued at $26,000. Park Square Financial Group LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb during the 4th quarter valued at $28,000. Finally, Graney & King LLC purchased a new stake in Airbnb in the fourth quarter valued at approximately $32,000. Institutional investors own 80.76% of the company's stock.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.