WeWork Inc. (WE)

Apr 4, 2022Trade Ideas

Keep an eye on shares of WeWork Inc. (WE)—a provider of coworking spaces, including physical and virtual shared spaces. Over the last few days, CEO Sandeep Mathrani bought 30,000 shares at an average price of $6.55, for $200,000.

In addition, Credit Suisse analyst Andy Grobler said the company’s fourth-quarter earnings presentation “demonstrated improving occupancy across the portfolio,” as mentioned by Barron’s. “WeWork’s outlook for 2022 includes a 28% increase in physical memberships, a 34% increase in revenues, and an uptick in occupancy to 75% to 80% from 63% in fiscal 2021.”

In Q4 2021, the company said revenues were up 99% year over year to $12.49 million. Net income was $4,126,028 in Q4 2021 compared to net loss of $5,469,103 in Q4 2020. Revenue in Fiscal 2021 was $38,581,377, an increase of $17,299,878 or 81% compared to Fiscal 2020. Net loss in Fiscal 2021 was $842,922 compared to net loss of $4,416,476 in Fiscal 2020.

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