In yesterday’s Wall Street session, Sabre Corporation (NASDAQ:SABR) shares traded at $6.71, down -4.42% from the previous session.
As of this writing, 8 analysts cover Sabre Corporation (NASDAQ:SABR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $6.00, we find $7.00. Given the previous closing price of $7.02, this indicates a potential downside of -0.28 percent. SABR stock price is now 9.00% away from the 50-day moving average and -0.05% away from the 200-day moving average. The market capitalization of the company currently stands at $2.22B.
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There are 4 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $9.04 as their price target over the next twelve months.
With the price target reduced from $11 to $7, BofA Securities Downgraded its rating from Buy to Underperform for Sabre Corporation (NASDAQ: SABR)., while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, Randolfi Michael O, Executive Vice President, CFO bought 100,000 shares of the company’s stock on Nov 22. The stock was bought for $478,750 at an average price of $4.79. Upon completion of the transaction, the Executive Vice President, CFO now directly owns 209,170 shares in the company, valued at $1.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31, Director MANDEL GAIL sold 715 shares of the business’s stock. A total of $3,975 was realized by selling the stock at an average price of $5.56. This leaves the insider owning 51,341 shares of the company worth $0.34 million. Insiders disposed of 844,671 shares of company stock worth roughly $5.67 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SABR stock. A new stake in Sabre Corporation shares was purchased by U S GLOBAL INVESTORS INC during the first quarter worth $42,901,000. COOPER CREEK PARTNERS MANAGEMENT LLC invested $6,874,000 in shares of SABR during the first quarter. In the first quarter, PAR CAPITAL MANAGEMENT INC acquired a new stake in Sabre Corporation valued at approximately $6,757,000. CAPULA MANAGEMENT LTD acquired a new stake in SABR for approximately $2,641,000. SQUAREPOINT OPS LLC purchased a new stake in SABR valued at around $1,880,000 in the second quarter.
Monday morning saw Sabre Corporation (NASDAQ: SABR) opened at $6.87. During the past 12 months, Sabre Corporation has had a low of $4.46 and a high of $12.08. The fifty day moving average price for SABR is $6.16 and a two-hundred day moving average price translates $6.71 for the stock.
The latest earnings results from Sabre Corporation (NASDAQ: SABR) was released for Jun, 2022. According to the Information Technology Services Company, earnings per share came in at -$0.25, beating analysts’ expectations of -$0.31 by 0.06. This compares to $0.00 EPS in the same period last year. The net profit margin was -20.10% and return on equity was 83.50% for SABR. The company reported revenue of $663.39 million for the quarter, compared to $441.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.4 percent. For the current quarter, analysts expect SABR to generate $702.01M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/30/2020. Investors who held shares on 03/20/2020 were paid a $0.14 dividend.
Sabre Corporation(SABR) Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments. This segment also provides a portfolio of software technology products and solutions through software-as-a-service (SaaS) and hosted delivery models to airlines and other travel suppliers. Its products include reservation systems for carriers, commercial and operations products, agency solutions, and data-driven intelligence solutions. The Hospitality Solutions segment provides software and solutions to hoteliers through SaaS and hosted delivery models. Sabre Corporation was incorporated in 2006 and is headquartered in Southlake, Texas.
