Sabre (NASDAQ:SABR) Stock Price Down 4% – Should You Sell?

Sabre Corporation (NASDAQ:SABR)’s share price traded down 4% on Tuesday. The stock traded as low as $1.57 and last traded at $1.5750. Approximately 4,262,485 shares changed hands during trading, a decline of 38% from the average daily volume of 6,874,840 shares. The stock had previously closed at $1.64.

Wall Street Analyst Weigh In

SABR has been the subject of several research reports. Citigroup reiterated a “buy” rating on shares of Sabre in a research report on Thursday, August 27th. Weiss Ratings cut Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sabre has an average rating of “Hold” and an average target price of $1.75.

Sabre Stock Performance

The business’s 50-day simple moving average is $2.07 and its 200 day simple moving average is $1.90.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The firm had revenue of $711.96 million for the quarter, compared to analysts’ expectations of $697.40 million. On average, equities research analysts predict that Sabre Corporation will post -0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Sabre

Several institutional investors and hedge funds have recently bought and sold shares of SABR. Vise Technologies Inc. bought a new stake in Sabre in the second quarter valued at approximately $30,000. Engineers Gate Manager LP purchased a new stake in shares of Sabre during the second quarter valued at approximately $31,000. Allworth Financial LP purchased a new stake in shares of Sabre during the second quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Sabre in the second quarter worth approximately $32,000. Finally, DGS Capital Management LLC bought a new position in shares of Sabre in the first quarter worth approximately $25,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Company Profile

Sabre Corporation is a travel technology company that provides software, data, and marketplace services to airlines, hotels, travel agencies, corporations, and other participants in the global travel industry. Its platforms help customers search, shop, price, book, and manage travel content across air, lodging, and other travel products.

The company’s offerings include global distribution and travel marketplace capabilities, application programming interfaces, and tools such as the Sabre Red suite for travel agencies and travel sellers.