In yesterday’s Wall Street session, Sabre Corp (NASDAQ:SABR) shares traded at $3.00, up 3.81% from the previous session.
SABR stock price is now 0.57% away from the 50-day moving average and -7.79% away from the 200-day moving average. The market capitalization of the company currently stands at $1.16B.
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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, Mendis Roshan, Executive Vice President bought 19,230 shares of the company’s stock on Aug 06 ’24. The stock was bought for $59,225 at an average price of $3.08. Upon completion of the transaction, the Executive Vice President now directly owns 776,966 shares in the company, valued at $2.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07 ’24, Director Peterson Karl Mr. sold 10,000 shares of the business’s stock. A total of $27,896 was realized by selling the stock at an average price of $2.79. This leaves the insider owning 134,655 shares of the company worth $0.4 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 $5.52. The fifty day moving average price for SABR is $2.9831 and a two-hundred day moving average price translates $3.25345 for the stock.
The latest earnings results from Sabre Corp (NASDAQ: SABR) was released for 2024-06-30. The company reported revenue of $767.24 million for the quarter, compared to $737.53 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 $776.78M in revenue.
