Sabre (NASDAQ:SABR) Trading Up 8.9% - What's Next?

Key Points

• Sabre shares rose 8.9% to approximately $2.275, though trading volume was 94% below the stock’s average daily volume.
• Analyst sentiment remains mixed: Sabre has a consensus “Hold” rating and an average price target of $1.75, below its recent trading level.
• The company reported a quarterly loss of $0.17 per share, missing expectations by $0.13, despite revenue of $711.96 million exceeding analyst estimates.

Sabre Corporation (NASDAQ:SABR - Get Free Report)'s stock price was up 8.9% during trading on Wednesday . The company traded as high as $2.23 and last traded at $2.2750. Approximately 415,836 shares were traded during trading, a decline of 94% from the average daily volume of 6,872,431 shares. The stock had previously closed at $2.09.

Wall Street Analyst Weigh In

SABR has been the subject of a number of research analyst reports. Citigroup reiterated a "buy" rating on shares of Sabre in a report on Thursday, August 27th. Weiss Ratings downgraded shares of Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Sabre currently has a consensus rating of "Hold" and an average target price of $1.75.

Sabre Stock Up 8.4%

The stock has a 50 day simple moving average of $2.01 and a 200 day simple moving average of $1.81. The company has a market capitalization of $914.11 million, a price-to-earnings ratio of 1.38 and a beta of 1.00.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.13). The firm had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. As a group, analysts forecast that Sabre Corporation will post -0.21 EPS for the current year.

Institutional Investors Weigh In On Sabre

A number of hedge funds have recently added to or reduced their stakes in SABR. Vise Technologies Inc. bought a new stake in Sabre during the 2nd quarter valued at $30,000. Engineers Gate Manager LP bought a new position in shares of Sabre in the second quarter worth $31,000. Allworth Financial LP bought a new position in shares of Sabre in the second quarter worth $31,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Sabre during the second quarter valued at $32,000. Finally, DGS Capital Management LLC acquired a new position in shares of Sabre during the first quarter valued at $25,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Company Profile

Sabre Corporation is a travel technology company that provides software, distribution, and data solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, and other travel suppliers, helping them market, sell, and manage travel services.

The company's products and services include the Sabre Travel Marketplace, a global distribution system that enables travel buyers to search and book air, hotel, car rental, rail, and other travel content.

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