In Friday’s Wall Street session, Sabre Corp (NASDAQ:SABR) shares traded at $4.52, up 8.92% from the previous session.
SABR stock price is now 26.38% away from the 50-day moving average and 36.77% away from the 200-day moving average. The market capitalization of the company currently stands at $1.74B.
With the price target reduced from $5 to $4, Cantor Fitzgerald Downgraded its rating from Overweight to Neutral for Sabre Corp (NASDAQ: SABR). On November 19, 2024, Bernstein Downgraded its previous ‘Mkt Perform’ rating to ‘Underperform’ on the stock keeping its target price maintained at $3, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, MANDEL GAIL, Director bought 10,000 shares of the company’s stock on Nov 11 ’24. The stock was bought for $36,287 at an average price of $3.63. Upon completion of the transaction, the Director now directly owns 152,778 shares in the company, valued at $0.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 06 ’24, Executive Vice President Mendis Roshan bought 19,230 shares of the business’s stock. A total of $59,225 was incurred on buying the stock at an average price of $3.08. This leaves the insider owning 776,966 shares of the company worth $3.51 million. A total of 6.96% 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 $4.30.
The company reported revenue of $714.72 million for the quarter, compared to $687.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.03 percent. For the current quarter, analysts expect SABR to generate $819.75M in revenue.
