Key Points
- Director Par Chadha purchased 204,946 XBP Global shares at an average price of $2.83, investing approximately $580,000 and establishing a direct stake of the same size.
- XBP Global shares opened at $3.18, up 8.5%, but the company recently missed quarterly expectations, reporting an adjusted loss of $1.42 per share versus the $1.04 consensus estimate and revenue below forecasts.
- Analyst sentiment remains mixed, with one Buy and one Sell rating, resulting in an overall “Hold” consensus and a $5.00 average price target.
XBP Global Holdings, Inc. (NASDAQ:XBP - Get Free Report) CFO Dejan Avramovic acquired 8,833 shares of the firm's stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $2.83 per share, with a total value of $24,997.39. Following the completion of the acquisition, the chief financial officer owned 94,068 shares in the company, valued at $266,212.44. This represents a 10.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
XBP Global Stock Performance
Shares of XBP Global stock opened at $3.18 on Friday. The company has a debt-to-equity ratio of 7.59, a quick ratio of 0.60 and a current ratio of 0.64. XBP Global Holdings, Inc. has a 1 year low of $2.00 and a 1 year high of $13.00. The firm's 50-day simple moving average is $2.93 and its 200-day simple moving average is $3.14. The firm has a market cap of $37.78 million, a PE ratio of -0.86 and a beta of -0.45.
XBP Global (NASDAQ:XBP - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($1.42) EPS for the quarter, missing analysts' consensus estimates of ($1.04) by ($0.38). The firm had revenue of $191.31 million for the quarter, compared to the consensus estimate of $197.70 million. XBP Global had a return on equity of 1,328.38% and a net margin of 134.88%.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of XBP Global in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, XBP Global currently has a consensus rating of "Hold" and an average target price of $5.00.
View Our Latest Report on XBP Global
XBP Global Company Profile
(
Get Free Report)
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.
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