Andrej Jonovic Acquires 31,500 Shares of XBP Global (NASDAQ:XBP) Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) CEO Andrej Jonovic acquired 31,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average price of $2.83 per share, with a total value of $89,145.00. Following the acquisition, the chief executive officer directly owned 244,700 shares of the company’s stock, valued at approximately $692,501. This represents a 14.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

XBP Global Price Performance

Shares of XBP opened at $3.48 on Friday. The company has a market cap of $41.35 million, a P/E ratio of -0.94 and a beta of -0.45. XBP Global Holdings, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $13.00. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 7.59. The firm’s 50 day moving average price is $2.94 and its 200 day moving average price is $3.14.

XBP Global (NASDAQ:XBP) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($1.42) EPS for the quarter, missing the consensus estimate of ($1.04) by ($0.38). XBP Global had a net margin of 134.88% and a return on equity of 1,328.38%. The business had revenue of $191.31 million during the quarter, compared to analysts’ expectations of $197.70 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of XBP Global in a research 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 stock. Based on data from MarketBeat.com, XBP Global has a consensus rating of “Hold” and an average price target of $5.00.

About XBP Global

XBP Global Holdings, Inc is a business process management and automation company that helps organizations digitize, streamline and manage document-intensive workflows. Its services are designed to improve the processing of business information and transactions across functions such as accounts payable, accounts receivable, payments, claims and customer communications.

The company combines software, data capture, workflow automation and managed services to support enterprises and public-sector organizations.