Sabre (NASDAQ:SABR) Stock Price Down 5.6% - Here's Why

Key Points

• Sabre shares fell 5.6% to approximately $1.78 in mid-day trading, with volume significantly below the stock’s average daily activity.
• Analyst sentiment remains mixed: Citigroup maintained a “buy” rating, while Weiss Ratings downgraded the stock to “sell.” Overall, Sabre has a consensus “hold” rating and a $1.75 price target.
• Sabre’s latest quarterly results missed earnings expectations, reporting a loss of $0.17 per share versus the anticipated $0.04 loss, although revenue exceeded analyst estimates.

Sabre Corporation (NASDAQ:SABR - Get Free Report) was down 5.6% during mid-day trading on Tuesday. The company traded as low as $1.79 and last traded at $1.7750. Approximately 814,583 shares changed hands during trading, a decline of 88% from the average session volume of 6,831,285 shares. The stock had previously closed at $1.88.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SABR shares. Citigroup reissued a "buy" rating on shares of Sabre in a research report on Thursday, August 27th. Weiss Ratings downgraded Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sabre currently has a consensus rating of "Hold" and a consensus target price of $1.75.

Sabre Price Performance

The company has a fifty day moving average of $2.12 and a 200-day moving average of $1.89. The firm has a market cap of $724.43 million, a P/E ratio of 1.09 and a beta of 1.06.

Sabre (NASDAQ:SABR - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The business had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. On average, sell-side analysts expect that Sabre Corporation will post -0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in Sabre in the 2nd quarter worth about $69,000. Engineers Gate Manager LP purchased a new stake in Sabre in the 2nd quarter valued at about $31,000. Squarepoint Ops LLC bought a new position in shares of Sabre during the 2nd quarter worth approximately $492,000. Corient Private Wealth LP bought a new position in shares of Sabre during the 2nd quarter worth approximately $62,000. Finally, AXQ Capital LP purchased a new position in shares of Sabre in the 2nd quarter worth approximately $283,000. 89.42% of the stock is owned by institutional investors.

About Sabre

Sabre Corporation NASDAQ: SABR is a travel technology company that provides software, data, and marketplace solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, online travel companies, and other travel suppliers, helping them distribute and manage travel content, reservations, and related services.

The company's offerings include global distribution capabilities, application programming interfaces, travel booking tools, and agency solutions such as the Sabre Red 360 platform.

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