Sabre Corporation (NASDAQ:SABR – Get Free Report)’s stock price shot up 8.9% during trading on Monday. The stock traded as high as $1.66 and last traded at $1.6550. 14,010,301 shares were traded during mid-day trading, an increase of 99% from the average session volume of 7,027,120 shares. The stock had previously closed at $1.52.
Wall Street Analysts Forecast Growth
SABR has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Citigroup restated a “buy” rating on shares of Sabre in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sabre currently has an average rating of “Hold” and a consensus price target of $1.75.
Get Our Latest Stock Report on Sabre
Sabre Stock Up 7.6%
The stock has a market cap of $659.85 million, a price-to-earnings ratio of 1.02 and a beta of 1.06. The stock’s fifty day moving average is $2.04 and its 200-day moving average is $1.90.
Sabre (NASDAQ:SABR – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The company had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. As a group, equities research analysts predict that Sabre Corporation will post -0.25 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sabre
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new stake in Sabre during the second quarter worth about $69,000. Engineers Gate Manager LP bought a new position in Sabre in the second quarter valued at approximately $31,000. Squarepoint Ops LLC bought a new position in Sabre in the second quarter valued at approximately $492,000. Corient Private Wealth LP acquired a new position in shares of Sabre during the 2nd quarter worth approximately $62,000. Finally, AXQ Capital LP acquired a new position in shares of Sabre during the 2nd quarter worth approximately $283,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.
About Sabre
Sabre Corporation is a travel technology company that provides software, data, and marketplace services to airlines, hotels, travel agencies, corporations, and other participants in the global travel industry. Its platforms help customers search, shop, price, book, and manage travel content across air, lodging, and other travel products.
The company’s offerings include global distribution and travel marketplace capabilities, application programming interfaces, and tools such as the Sabre Red suite for travel agencies and travel sellers.
Featured Articles
- Five stocks we like better than Sabre
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.
