Sabre (NASDAQ:SABR) Shares Gap Up - Time to Buy?

Sabre Co. (NASDAQ:SABR - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $3.93, but opened at $4.07. Sabre shares last traded at $4.04, with a volume of 866,572 shares traded.

Analysts Set New Price Targets

SABR has been the topic of several research analyst reports. StockNews.com raised shares of Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $4.00 price target on shares of Sabre in a report on Friday, February 21st. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and increased their target price for the company from $4.50 to $6.10 in a research note on Tuesday. Finally, Sanford C. Bernstein reissued an "underperform" rating and issued a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th.

Sabre Stock Down 2.3 %

The stock's fifty day moving average price is $3.60 and its two-hundred day moving average price is $3.54. The company has a market capitalization of $1.50 billion, a PE ratio of -5.40, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62.

Sabre (NASDAQ:SABR - Get Free Report) last posted its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to the consensus estimate of $716.60 million. On average, equities research analysts forecast that Sabre Co. will post 0.04 EPS for the current year.

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Institutional Trading of Sabre

Several institutional investors and hedge funds have recently bought and sold shares of SABR. International Assets Investment Management LLC lifted its holdings in Sabre by 267.0% in the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider's stock worth $33,000 after buying an additional 6,582 shares during the period. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Sabre in the third quarter worth about $46,000. Versor Investments LP purchased a new stake in Sabre in the third quarter worth about $287,000. GSA Capital Partners LLP lifted its holdings in Sabre by 12.9% in the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider's stock worth $171,000 after buying an additional 5,323 shares during the period. Finally, MQS Management LLC purchased a new stake in Sabre in the third quarter worth about $108,000. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Sabre Company Profile

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.