Sabre (NASDAQ:SABR) Stock Price Down 4.3% - Should You Sell?

Key Points

• Shares of Sabre Corporation (NASDAQ:SABR) dropped 4.3% during trading, reaching a low of $1.84, significantly below the average trading volume.
• Research analysts have a mixed view on the stock, with upgrades and downgrades resulting in an average rating of "Hold" and a consensus price target of $3.80.
• In its latest quarterly earnings, Sabre reported a revenue of $687.15 million, missing estimates and showing a 1.1% decline compared to the previous year.

Shares of Sabre Corporation (NASDAQ:SABR - Get Free Report) fell 4.3% during trading on Tuesday . The company traded as low as $1.84 and last traded at $1.84. 645,161 shares traded hands during trading, a decline of 90% from the average session volume of 6,167,793 shares. The stock had previously closed at $1.92.

Wall Street Analyst Weigh In

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

Sabre Stock Performance

The stock has a market capitalization of $739.71 million, a PE ratio of -2.07 and a beta of 1.52. The stock's 50 day moving average is $2.38 and its two-hundred day moving average is $2.66.

Sabre (NASDAQ:SABR - Get Free Report) last issued 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. The firm's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. Equities research analysts expect that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

Hedge funds have recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sabre during the first quarter worth approximately $28,000. Blueshift Asset Management LLC bought a new stake in shares of Sabre in the 1st quarter valued at about $31,000. Triangle Securities Wealth Management bought a new position in Sabre in the second quarter valued at approximately $33,000. Park Avenue Securities LLC acquired a new stake in shares of Sabre in the 2nd quarter valued at approximately $34,000. Finally, 626 Financial LLC acquired a new stake in Sabre during the 2nd quarter valued at $35,000. 89.42% of the stock is currently owned by institutional investors.

About Sabre

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.

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