In yesterday’s Wall Street session, Sabre Corp (NASDAQ:SABR) shares traded at $4.00, down -1.72% from the previous session.
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 $4.07, this indicates a potential upside of 10.57 percent. SABR stock price is now 7.36% away from the 50-day moving average and -0.70% away from the 200-day moving average. The market capitalization of the company currently stands at $1.52B.
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, MENKE SEAN E, Executive Chair of the Board sold 50,000 shares of the company’s stock on Dec 11. The stock was sold for $200,005 at an average price of $4.00. Upon completion of the transaction, the Executive Chair of the Board now directly owns 1,617,340 shares in the company, valued at $6.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 30, Director MANDEL GAIL sold 714 shares of the business’s stock. A total of $2,463 was realized by selling the stock at an average price of $3.45. This leaves the insider owning 86,235 shares of the company worth $0.34 million. Insiders disposed of 773,203 shares of company stock worth roughly $3.09 million over the past 1 year. A total of 6.41% of the company’s stock is owned by insiders.
On Tuesday morning Sabre Corp (NASDAQ: SABR) stock kicked off with the opening price of $4.0100. 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 $3.7257 and a two-hundred day moving average price translates $4.0282 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 -$0.06, inline with analysts’ expectations of -$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 $691.77M in revenue.
