In yesterday’s Wall Street session, Sabre Corp (NASDAQ:SABR) shares traded at $2.32, up 1.31% from the previous session.
SABR stock price is now -31.34% away from the 50-day moving average and -40.72% away from the 200-day moving average. The market capitalization of the company currently stands at $880.42M.
With the price target of $5, Cantor Fitzgerald recently initiated with Overweight rating for Sabre Corp (NASDAQ: SABR). On January 08, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $3.50 to quote $5, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, MENKE SEAN E, Executive Chair of the Board sold 50,000 shares of the company’s stock on Feb 09 ’24. The stock was sold for $203,760 at an average price of $4.08. Upon completion of the transaction, the Executive Chair of the Board now directly owns 1,517,340 shares in the company, valued at $3.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 30 ’24, Director MANDEL GAIL sold 714 shares of the business’s stock. A total of $3,184 was realized by selling the stock at an average price of $4.46. This leaves the insider owning 85,521 shares of the company worth $0.2 million. A total of 6.26% of the company’s stock is owned by insiders.
During the past 12 months, Sabre Corp has had a low of $1.81 and a high of $5.76. The fifty day moving average price for SABR is $3.3379 and a two-hundred day moving average price translates $3.9083 for the stock.
The latest earnings results from Sabre Corp (NASDAQ: SABR) was released for Dec, 2023. According to the Travel Services Company, earnings per share came in at -$0.12, beating analysts’ expectations of -$0.14 by 0.02. This compares to -$0.50 EPS in the same period last year. The company reported revenue of $687.05 million for the quarter, compared to $631.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.85 percent. For the current quarter, analysts expect SABR to generate $751.37M in revenue.
