Sabre Corporation (NASDAQ:SABR) shares traded 3.68% higher at $5.64 on Wall Street last session.
In accordance with the data, 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 $10.00 and a low of $3.50, we find $5.00. Given the previous closing price of $5.44, this indicates a potential downside of -8.09 percent. SABR stock price is now 51.92% away from the 50-day moving average and 17.37% away from the 200-day moving average. The market capitalization of the company currently stands at $1.81B.
It has been rated a hold by 5 analysts and a buy by 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, Randolfi Michael O, EVP and CFO bought 50,000 shares of the company’s stock on Aug 09. The stock was bought for $268,808 at an average price of $5.38. Upon completion of the transaction, the EVP and CFO now directly owns 546,526 shares in the company, valued at $3.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08, CEO and President Ekert Kurt Joseph bought 100,000 shares of the business’s stock. A total of $534,000 was incurred on buying the stock at an average price of $5.34. This leaves the insider owning 1,124,464 shares of the company worth $6.34 million. Insiders disposed of 491,009 shares of company stock worth roughly $2.77 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 HRT FINANCIAL LP during the first quarter worth $6,917,000. MILLENNIUM MANAGEMENT LLC invested $5,071,000 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 $1,606,000. GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in SABR for approximately $1,593,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in SABR valued at around $1,137,000 in the second quarter. In total, there are 360 active investors with 104.68% ownership of the company’s stock.
Sabre Corporation (NASDAQ: SABR) opened at $5.36 on Friday. 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 $3.76 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 net profit margin was -19.50% and return on equity was 58.40% for SABR. 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 $738.52M 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.
