The shares of Sabre Corp (SABR) have recorded the market capitalization of 1.30B

The stock of Sabre Corp (NASDAQ:SABR) last traded at $3.44, up 2.84% from the previous session.

Data from the available sources indicates that Sabre Corp (NASDAQ:SABR) is covered by 9 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $3.50, we find $4.50. Given the previous closing price of $3.35, this indicates a potential upside of 34.33 percent. SABR stock price is now -18.72% away from the 50-day moving average and -21.12% away from the 200-day moving average. The market capitalization of the company currently stands at $1.30B.

In total, 6 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $5.17 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, MANDEL GAIL, Director sold 714 shares of the company’s stock on Oct 30. The stock was sold for $2,463 at an average price of $3.45. Upon completion of the transaction, the Director now directly owns 86,235 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 08, Executive Chair of the Board MENKE SEAN E sold 100,000 shares of the business’s stock. A total of $506,980 was realized by selling the stock at an average price of $5.07. This leaves the insider owning 1,667,340 shares of the company worth $5.74 million. Insiders disposed of 771,667 shares of company stock worth roughly $2.65 million over the past 1 year. A total of 6.17% of the company’s stock is owned by insiders.

With an opening price of $3.4000 on Wednesday morning, Sabre Corp (NASDAQ: SABR) set off the trading day. 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 $4.2325 and a two-hundred day moving average price translates $4.3608 for the stock.

The latest earnings results from Sabre Corp (NASDAQ: SABR) was released for Sep, 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 -$0.43 EPS in the same period last year. The company reported revenue of $740.46 million for the quarter, compared to $663.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.62 percent. For the current quarter, analysts expect SABR to generate $738.47M in revenue.

Sabre Corp(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.

Related Posts