Stocks of Sabre Corp (NASDAQ:SABR) traded higher last session on Wall Street, down -7.82% to $2.71.
SABR stock price is now -4.61% away from the 50-day moving average and -23.66% away from the 200-day moving average. The market capitalization of the company currently stands at $1.04B.
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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, Peterson Karl Mr., Director sold 10,000 shares of the company’s stock on Jun 07 ’24. The stock was sold for $27,896 at an average price of $2.79. Upon completion of the transaction, the Director now directly owns 134,655 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, EVP and Chief People Officer Williams Shawn G bought 722 shares of the business’s stock. A total of $1,983 was incurred on buying the stock at an average price of $2.75. This leaves the insider owning 553,398 shares of the company worth $1.5 million. A total of 6.91% 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 $2.8427 and a two-hundred day moving average price translates $3.537475 for the stock.
The latest earnings results from Sabre Corp (NASDAQ: SABR) was released for 2024-03-31. 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.
