Sabre (NASDAQ:SABR) Shares Gap Up - Should You Buy?

Sabre Co. (NASDAQ:SABR - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $2.19, but opened at $2.48. Sabre shares last traded at $2.61, with a volume of 5,006,481 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Cantor Fitzgerald reissued a "neutral" rating and issued a $4.00 target price on shares of Sabre in a research report on Friday, February 21st. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th. Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price for the company in a report on Tuesday, April 1st. StockNews.com upgraded shares of Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Morgan Stanley reduced their price objective on Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.28.

Sabre Stock Performance

The company has a market capitalization of $942.01 million, a PE ratio of -3.39, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. The company's fifty day moving average is $2.92 and its 200-day moving average is $3.38.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to analysts' expectations of $716.60 million. On average, sell-side analysts expect that Sabre Co. will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Sabre

A number of hedge funds have recently made changes to their positions in SABR. Summit Investment Advisors Inc. lifted its holdings in Sabre by 8.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider's stock worth $146,000 after purchasing an additional 3,142 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Sabre by 5.9% during the fourth quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider's stock valued at $209,000 after buying an additional 3,195 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Sabre by 22.1% in the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider's stock worth $109,000 after buying an additional 5,395 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Sabre by 173.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 6,298 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Sabre by 9.6% during the fourth quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider's stock valued at $286,000 after acquiring an additional 6,852 shares in the last quarter. Institutional investors 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.