The price of Sabre Corporation (NASDAQ:SABR) shares last traded on Wall Street fell -0.28% to $3.56.
Based on available information, 9 analysts follow 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 $5.50 and a low of $3.50, we find $4.00. Given the previous closing price of $3.57, this indicates a potential upside of 12.04 percent. SABR stock price is now -9.69% away from the 50-day moving average and -36.76% away from the 200-day moving average. The market capitalization of the company currently stands at $1.26B.
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Among analysts, 6 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $4.24 as their price target over the next twelve months.
With the price target maintained at $3.50, Bernstein recently Upgraded its rating from Underperform to Mkt Perform for Sabre Corporation (NASDAQ: SABR). On March 08, 2023, Bernstein recently initiated its ‘Underperform’ rating on the stock quoting a target price of $4, while ‘BofA Securities’ rates the stock as ‘Underperform’.
In other news, MANDEL GAIL, Director sold 715 shares of the company’s stock on May 01. The stock was sold for $2,839 at an average price of $3.97. Upon completion of the transaction, the Director now directly owns 87,663 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 28, Director MANDEL GAIL sold 5,845 shares of the business’s stock. A total of $23,037 was realized by selling the stock at an average price of $3.94. This leaves the insider owning 88,378 shares of the company worth $0.31 million. Insiders disposed of 760,624 shares of company stock worth roughly $2.71 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 CONTRARIUS INVESTMENT MANAGEMENT LTD during the first quarter worth $9,424,000. MILLENNIUM MANAGEMENT LLC invested $3,201,000 in shares of SABR during the first quarter. In the first quarter, CANADA PENSION PLAN INVESTMENT BOARD acquired a new stake in Sabre Corporation valued at approximately $2,729,000. CM MANAGEMENT, LLC acquired a new stake in SABR for approximately $1,068,000. LIONTRUST INVESTMENT PARTNERS LLP purchased a new stake in SABR valued at around $1,014,000 in the second quarter. In total, there are 396 active investors with 109.15% ownership of the company’s stock.
A candlestick chart of Sabre Corporation (NASDAQ: SABR) showed a price of $3.5700 on Thursday morning. During the past 12 months, Sabre Corporation has had a low of $3.14 and a high of $8.31. The fifty day moving average price for SABR is $3.9158 and a two-hundred day moving average price translates $5.6131 for the stock.
The latest earnings results from Sabre Corporation (NASDAQ: SABR) was released for Mar, 2023. According to the Travel Services Company, earnings per share came in at -$0.18, beating analysts’ expectations of -$0.23 by 0.05. This compares to $0.12 EPS in the same period last year. The net profit margin was -22.40% and return on equity was 74.90% for SABR. The company reported revenue of $742.7 million for the quarter, compared to $584.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.98 percent. For the current quarter, analysts expect SABR to generate $714.09M 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 subsidiaries, 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 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.
