XBP Global (NASDAQ:XBP) Receives “Overweight” Rating from Cantor Fitzgerald

XBP Global (NASDAQ:XBP – Get Free Report)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a report released on Friday,Benzinga reports. They presently have a $5.00 target price on the stock. Cantor Fitzgerald’s target price points to a potential upside of 113.68% from the company’s previous close.

XBP Global Stock Up 5.9%

NASDAQ:XBP opened at $2.34 on Friday. The firm has a market cap of $27.54 million, a P/E ratio of -1.06 and a beta of -0.39. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.71 and a current ratio of 0.74. XBP Global has a fifty-two week low of $2.07 and a fifty-two week high of $25.60. The firm has a 50-day simple moving average of $3.77 and a two-hundred day simple moving average of $5.78.

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XBP Global (NASDAQ:XBP – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($2.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($2.10). The firm had revenue of $197.09 million for the quarter, compared to the consensus estimate of $199.10 million. XBP Global had a net margin of 139.50% and a return on equity of 2,609.22%.

Institutional Trading of XBP Global

A number of institutional investors and hedge funds have recently bought and sold shares of XBP. HoldCo Asset Management LP purchased a new stake in shares of XBP Global during the 3rd quarter valued at about $6,352,000. Man Group plc purchased a new stake in shares of XBP Global during the 3rd quarter valued at about $1,817,000. Vanguard Group Inc. boosted its holdings in shares of XBP Global by 6,119.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock valued at $1,529,000 after acquiring an additional 1,864,748 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of XBP Global during the 3rd quarter valued at about $1,362,000. Finally, Bank of America Corp DE boosted its holdings in shares of XBP Global by 511,066.0% during the 3rd quarter. Bank of America Corp DE now owns 1,579,503 shares of the company’s stock valued at $1,275,000 after acquiring an additional 1,579,194 shares during the last quarter. 15.72% of the stock is currently owned by institutional investors.

XBP Global Company Profile

(Get Free Report)

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.

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