Sabre (NASDAQ:SABR) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Sabre Corporation (NASDAQ:SABR - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.83 and traded as high as $3.42. Sabre shares last traded at $3.30, with a volume of 3,921,244 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on SABR shares. Morgan Stanley cut their target price 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. Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target for the company in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.28.

Sabre Stock Performance

The stock has a market capitalization of $1.23 billion, a P/E ratio of -7.18 and a beta of 1.43. The company's 50-day moving average price is $2.84 and its 200 day moving average price is $3.07.

Sabre (NASDAQ:SABR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $776.62 million for the quarter, compared to the consensus estimate of $794.65 million. During the same period last year, the firm earned ($0.02) earnings per share. The business's quarterly revenue was down .8% compared to the same quarter last year. Analysts predict that Sabre Corporation will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

Several institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its position in shares of Sabre by 744.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 8,454 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in Sabre in the first quarter valued at about $28,000. Triangle Securities Wealth Management acquired a new stake in Sabre in the second quarter worth about $33,000. Blueshift Asset Management LLC purchased a new stake in shares of Sabre during the first quarter worth about $31,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Sabre during the fourth quarter valued at about $45,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

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.