XBP Global (NASDAQ:XBP) Trading 10.6% Higher – What’s Next?

XBP Global Holdings, Inc. (NASDAQ:XBP) was up 10.6% during trading on Thursday . The stock traded as high as $2.59 and last traded at $2.50. 6,089 shares traded hands during trading, a decline of 52% from the average session volume of 12,657 shares. The stock had previously closed at $2.26.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XBP. Weiss Ratings reissued a “sell (d)” rating on shares of XBP Global in a research report on Friday, May 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 target price on shares of XBP Global in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.00.

XBP Global Stock Up 10.6%

The company has a market capitalization of $29.43 million, a PE ratio of -0.76 and a beta of -0.43. The company’s fifty day moving average is $2.45 and its 200-day moving average is $4.78. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.64 and a current ratio of 0.67.

XBP Global (NASDAQ:XBP) last released its earnings results on Monday, March 30th. The company reported ($7.75) earnings per share for the quarter. XBP Global had a net margin of 130.26% and a return on equity of 1,645.47%.

Insider Transactions at XBP Global

In related news, Director Randal T. Klein acquired 25,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $2.44 per share, with a total value of $61,000.00. Following the acquisition, the director directly owned 40,000 shares in the company, valued at $97,600. This represents a 166.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 31.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On XBP Global

Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in XBP Global during the third quarter valued at approximately $31,000. Shay Capital LLC raised its holdings in shares of XBP Global by 354.6% during the 3rd quarter. Shay Capital LLC now owns 100,000 shares of the company’s stock worth $81,000 after acquiring an additional 78,001 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of XBP Global during the 3rd quarter valued at approximately $194,000. Cantor Fitzgerald L. P. grew its holdings in shares of XBP Global by 9.4% in the third quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock valued at $5,356,000 after purchasing an additional 572,449 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of XBP Global in the third quarter valued at $504,000. 15.72% of the stock is owned by institutional investors.

About XBP Global

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.