XBP Global (NASDAQ:XBP) Shares Up 13.9% – Still a Buy?

XBP Global Holdings, Inc. (NASDAQ:XBP)’s share price traded up 13.9% during mid-day trading on Thursday . The company traded as high as $3.20 and last traded at $3.20. 34,378 shares were traded during trading, an increase of 73% from the average session volume of 19,884 shares. The stock had previously closed at $2.81.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 price target on shares of XBP Global in a research note on Friday, May 15th. Weiss Ratings reissued a “sell (d)” rating on shares of XBP Global in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, XBP Global presently has a consensus rating of “Hold” and a consensus target price of $5.00.

XBP Global Stock Down 3.1%

The firm’s fifty day moving average is $2.83 and its two-hundred day moving average is $3.44. The firm has a market cap of $36.83 million, a price-to-earnings ratio of -0.84 and a beta of -0.45. The company has a debt-to-equity ratio of 7.59, a current ratio of 0.64 and a quick ratio of 0.60.

XBP Global (NASDAQ:XBP) last released its earnings results on Friday, August 14th. The company reported ($1.42) EPS for the quarter, missing the consensus estimate of ($1.04) by ($0.38). The company had revenue of $191.26 million for the quarter, compared to analyst estimates of $197.70 million. XBP Global had a net margin of 134.88% and a return on equity of 1,328.38%.

Institutional Investors Weigh In On XBP Global

A number of institutional investors have recently added to or reduced their stakes in XBP. Public Employees Retirement System of Ohio bought a new position in XBP Global during the 3rd quarter valued at $31,000. Nomura Holdings Inc. acquired a new stake in shares of XBP Global in the third quarter valued at $863,000. Bank of America Corp DE lifted its holdings in shares of XBP Global by 511,066.0% in the third quarter. Bank of America Corp DE now owns 1,579,503 shares of the company’s stock valued at $1,275,000 after buying an additional 1,579,194 shares during the period. Man Group plc bought a new position in XBP Global during the third quarter valued at about $1,817,000. Finally, Shay Capital LLC boosted its stake in XBP Global by 354.6% during the third quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock valued at $81,000 after buying an additional 78,001 shares in the last quarter. 15.72% of the stock is currently owned by institutional investors and hedge funds.

XBP Global Company Profile

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.