Airbnb (NASDAQ:ABNB) shares snapped six straight sessions of gains on Wednesday, as it closed 0.83% lower at $124.96.
The vacation home rentals company gained nearly 3.6% in the previous six sessions. The stock closed 0.41% higher at $126 on Tuesday.
However, in the past one month, the company has declined over 10%. In the year so far, Airbnb shares have declined over 4.7%, compared to the broader S&P500 Index’s 9% gain.
Looking at Seeking Alpha’s Quant Rating, Airbnb has a Hold rating with a score of 3.12 out of 5. The company was rated A+ for profitability, while it got a D for growth and an F for valuation.
As for the Wall Street community, it shared a consensus rating of Hold for the rentals firm. Overall, 15 analysts gave the company a Buy and above rating, while 24 recommended holding the stock and one had a Sell and five had a Strong Sell call.
“Economic uncertainty, rising delinquencies, and increased regulatory restrictions (e.g., recent limitations in Spain) are creating significant headwinds,” highlighted Seeking Alpha analyst WideAlpha, rating the stock as Hold.
WideAlpha added that Airbnb’s push into new areas such as experiences and services may drive incremental growth, but brings higher costs, operational complexity, and uncertain returns.
Seeking Alpha analysts are also cautious and rated the stock as Hold.