Sabre (NASDAQ:SABR) Trading Up 9.5% – Should You Buy?

Sabre Corporation (NASDAQ:SABR)’s stock price rose 9.5% during trading on Monday . The company traded as high as $1.8177 and last traded at $1.8177. 202,037 shares were traded during trading, a decline of 97% from the average daily volume of 7,548,461 shares. The stock had previously closed at $1.66.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $1.97.

Sabre Stock Up 5.6%

The firm has a market cap of $743.18 million, a P/E ratio of 1.72 and a beta of 0.96. The firm has a fifty day moving average of $1.81 and a 200-day moving average of $1.58.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. The firm had revenue of $760.33 million during the quarter, compared to the consensus estimate of $739.02 million. On average, equities analysts forecast that Sabre Corporation will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SABR. DGS Capital Management LLC bought a new position in Sabre in the 1st quarter valued at about $25,000. Wealthspire Retirement LLC acquired a new stake in shares of Sabre in the 1st quarter valued at approximately $25,000. Diligent Investors LLC acquired a new position in Sabre during the 3rd quarter worth approximately $35,000. Oak Thistle LLC acquired a new position in Sabre during the 4th quarter worth approximately $27,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Sabre by 970.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 22,361 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

About Sabre

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.