In yesterday’s Wall Street session, Sabre Corporation (NASDAQ:SABR) shares traded at $5.36, up 15.27% from the previous session.
8 analysts cover Sabre Corporation (NASDAQ:SABR), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $3.50, we find $5.00. Given the previous closing price of $4.65, this indicates a potential upside of 7.53 percent. SABR stock price is now 49.17% away from the 50-day moving average and 11.43% away from the 200-day moving average. The market capitalization of the company currently stands at $1.80B.
The stock has received a hold rating from 5 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $5.60 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).
In other news, MENKE SEAN E, Executive Chair of the Board sold 100,000 shares of the company’s stock on Aug 04. The stock was sold for $500,830 at an average price of $5.01. Upon completion of the transaction, the Executive Chair of the Board now directly owns 1,867,340 shares in the company, valued at $10.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 31, Director MANDEL GAIL sold 714 shares of the business’s stock. A total of $2,885 was realized by selling the stock at an average price of $4.04. This leaves the insider owning 86,949 shares of the company worth $0.47 million. Insiders disposed of 491,009 shares of company stock worth roughly $2.63 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 MILLENNIUM MANAGEMENT LLC during the first quarter worth $4,819,000. CANADA PENSION PLAN INVESTMENT BOARD invested $4,109,000 in shares of SABR during the first quarter. In the first quarter, LIONTRUST INVESTMENT PARTNERS LLP acquired a new stake in Sabre Corporation valued at approximately $1,526,000. GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in SABR for approximately $1,513,000. SABA CAPITAL MANAGEMENT, L.P. purchased a new stake in SABR valued at around $954,000 in the second quarter. In total, there are 360 active investors with 104.68% ownership of the company’s stock.
On Tuesday morning Sabre Corporation (NASDAQ: SABR) stock kicked off with the opening price of $4.56. During the past 12 months, Sabre Corporation has had a low of $2.99 and a high of $8.31. The fifty day moving average price for SABR is $3.63 and a two-hundred day moving average price translates $4.81 for the stock.
The latest earnings results from Sabre Corporation (NASDAQ: SABR) was released for Jun, 2023. According to the Travel Services Company, earnings per share came in at -$0.17, beating analysts’ expectations of -$0.23 by 0.06. This compares to -$0.59 EPS in the same period last year. The company reported revenue of $737.53 million for the quarter, compared to $657.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.17 percent. For the current quarter, analysts expect SABR to generate $735.52M 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.
