Key Points
- Director Randal Klein bought 25,000 shares of XBP Global at $2.44 apiece, spending $61,000 and increasing his ownership by 166.67% to 40,000 shares.
- XBP Global shares were trading around $2.47, far below their 50-day and 200-day moving averages, with a market cap of about $29.07 million and a 1-year range of $2.00 to $25.60.
- Analysts currently have a Hold consensus on the stock, though Cantor Fitzgerald reaffirmed an Overweight rating with a $5.00 price target.
XBP Global Holdings, Inc. (NASDAQ:XBP - Get Free Report) Director Randal Klein bought 25,000 shares of the business's stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of $2.44 per share, for a total transaction of $61,000.00. Following the purchase, the director directly owned 40,000 shares of the company's stock, valued at $97,600. The trade was a 166.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
XBP Global Price Performance
XBP opened at $2.47 on Wednesday. The business's 50-day moving average is $3.51 and its two-hundred day moving average is $5.72. XBP Global Holdings, Inc. has a 1 year low of $2.00 and a 1 year high of $25.60. The company has a debt-to-equity ratio of 5.67, a current ratio of 0.67 and a quick ratio of 0.71. The firm has a market capitalization of $29.07 million, a PE ratio of -0.75 and a beta of -0.39.
XBP Global (NASDAQ:XBP - Get Free Report) last posted its earnings results on Monday, March 30th. The company reported ($7.75) earnings per share (EPS) for the quarter. XBP Global had a net margin of 130.26% and a return on equity of 1,645.47%.
Institutional Investors Weigh In On XBP Global
A number of large investors have recently modified their holdings of XBP. Public Employees Retirement System of Ohio purchased a new stake in shares of XBP Global during the third quarter worth about $31,000. Shay Capital LLC grew its stake in shares of XBP Global by 354.6% during the third quarter. Shay Capital LLC now owns 100,000 shares of the company's stock worth $81,000 after acquiring an additional 78,001 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of XBP Global during the third quarter worth about $194,000. Jefferies Financial Group Inc. purchased a new stake in shares of XBP Global during the third quarter worth about $504,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of XBP Global during the third quarter worth about $863,000. Hedge funds and other institutional investors own 15.72% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Cantor Fitzgerald reiterated an "overweight" rating and issued a $5.00 target price on shares of XBP Global in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, XBP Global has a consensus rating of "Hold" and a consensus target price of $5.00.
View Our Latest Analysis on XBP
XBP Global Company Profile
(
Get Free Report)
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.
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