Sabre (NASDAQ:SABR) Sets New 52-Week Low - Time to Sell?

Key Points

• Sabre Corporation recently hit a new 52-week low at $1.70, signaling potential selling pressure as its stock traded at $1.73 on significant volume.
• Multiple analysts have downgraded Sabre's stock, resulting in a consensus rating of "Hold" and a price target averaging $3.80.
• Despite a revenue of $687.15 million reported last quarter, Sabre's earnings fell short of estimates, with a loss of $0.02 EPS compared to analyst expectations.

Sabre Corporation (NASDAQ:SABR - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $1.70 and last traded at $1.73, with a volume of 676184 shares traded. The stock had previously closed at $1.75.

Analyst Upgrades and Downgrades

SABR has been the topic of several analyst reports. Redburn Atlantic lowered shares of Sabre from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Morgan Stanley reaffirmed a "reduce" rating on shares of Sabre in a research note on Sunday, August 10th. Sanford C. Bernstein raised Sabre from a "market perform" rating to an "outperform" rating and cut their price objective for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Finally, Rothschild & Co Redburn lowered shares of Sabre from a "buy" rating to a "neutral" rating and set a $2.40 price objective on the stock. in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $3.80.

Sabre Stock Performance

The business has a 50-day simple moving average of $2.56 and a 200-day simple moving average of $2.76. The company has a market cap of $688.42 million, a price-to-earnings ratio of -1.92 and a beta of 1.52.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) EPS for the quarter. The business had revenue of $687.15 million for the quarter, compared to the consensus estimate of $718.16 million. During the same period in the previous year, the business earned ($0.05) EPS. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts anticipate that Sabre Corporation will post 0.04 EPS for the current year.

Institutional Trading of Sabre

A number of large investors have recently bought and sold shares of SABR. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sabre during the first quarter worth about $28,000. Blueshift Asset Management LLC acquired a new stake in shares of Sabre during the first quarter worth $31,000. Triangle Securities Wealth Management purchased a new position in shares of Sabre in the 2nd quarter worth $33,000. Park Avenue Securities LLC purchased a new stake in Sabre during the second quarter worth approximately $34,000. Finally, 626 Financial LLC purchased a new position in Sabre in the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 89.42% of the company's stock.

Sabre Company Profile

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.