Sabre Corp (NASDAQ:SABR) shares traded 1.93% higher at $3.17 on Wall Street last session.
SABR stock price is now 26.41% away from the 50-day moving average and -15.41% away from the 200-day moving average. The market capitalization of the company currently stands at $1.21B.
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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, Williams Shawn G, EVP and Chief People Officer bought 722 shares of the company’s stock on May 09 ’24. The stock was bought for $1,983 at an average price of $2.75. Upon completion of the transaction, the EVP and Chief People Officer now directly owns 553,398 shares in the company, valued at $1.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08 ’24, CEO and President Ekert Kurt Joseph bought 65,000 shares of the business’s stock. A total of $167,050 was incurred on buying the stock at an average price of $2.57. This leaves the insider owning 1,155,909 shares of the company worth $3.66 million. A total of 6.28% 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 company reported revenue of $782.89 million for the quarter, compared to $742.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.41 percent.
