In yesterday’s Wall Street session, Sabre Corp (NASDAQ:SABR) shares traded at $4.42, down -1.34% from the previous session.
As of this writing, 8 analysts cover Sabre Corp (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 $4.48, this indicates a potential upside of 11.61 percent. SABR stock price is now -5.81% away from the 50-day moving average and -7.17% away from the 200-day moving average. The market capitalization of the company currently stands at $1.68B.
There are 5 analysts who have given it a hold rating, whereas 1 have given it a buy rating. 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 Corp (NASDAQ: SABR).
In other news, MENKE SEAN E, Executive Chair of the Board sold 100,000 shares of the company’s stock on Sep 08. The stock was sold for $506,980 at an average price of $5.07. Upon completion of the transaction, the Executive Chair of the Board now directly owns 1,667,340 shares in the company, valued at $7.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 11, Executive Chair of the Board MENKE SEAN E sold 100,000 shares of the business’s stock. A total of $561,920 was realized by selling the stock at an average price of $5.62. This leaves the insider owning 1,767,340 shares of the company worth $7.81 million. Insiders disposed of 647,106 shares of company stock worth roughly $2.86 million over the past 1 year. A total of 7.04% 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 Corp shares was purchased by HRT FINANCIAL LP during the first quarter worth $5,421,000. JANE STREET GROUP, LLC invested $3,585,000 in shares of SABR during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in Sabre Corp valued at approximately $1,712,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in SABR for approximately $1,472,000. LUMINUS MANAGEMENT LLC purchased a new stake in SABR valued at around $1,061,000 in the second quarter. In total, there are 360 active investors with 84.00% ownership of the company’s stock.
Friday morning saw Sabre Corp (NASDAQ: SABR) opened at $4.5200. During the past 12 months, Sabre Corp has had a low of $2.99 and a high of $7.92. The fifty day moving average price for SABR is $4.6925 and a two-hundred day moving average price translates $4.7613 for the stock.
The latest earnings results from Sabre Corp (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 $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. On an annualized basis, this represents a $0.02 dividend and a 0.45% percent yield. There was an ex-dividend date of 03/19/2020 for this dividend.
