XBP Global (NASDAQ:XBP) Receives “Overweight” Rating from Cantor Fitzgerald

XBP Global (NASDAQ:XBP)‘s stock had its “overweight” rating reiterated by equities researchers at Cantor Fitzgerald in a research report issued on Friday,Benzinga reports. They currently have a $5.00 target price on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 113.68% from the company’s previous close.

XBP Global Stock Up 5.9%

Shares of NASDAQ XBP opened at $2.34 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 4.12. XBP Global has a 12 month low of $2.07 and a 12 month high of $25.60. The firm has a market capitalization of $27.54 million, a PE ratio of -1.06 and a beta of -0.39. The firm has a fifty day simple moving average of $3.77 and a two-hundred day simple moving average of $5.78.

XBP Global (NASDAQ:XBP) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($2.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($2.10). The business had revenue of $197.09 million during the quarter, compared to the consensus estimate of $199.10 million. XBP Global had a return on equity of 2,609.22% and a net margin of 139.50%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in shares of XBP Global in the 3rd quarter worth about $31,000. Shay Capital LLC increased its stake in shares of XBP Global by 354.6% in 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 in the 3rd quarter worth about $194,000. Jefferies Financial Group Inc. bought a new position in shares of XBP Global in the 3rd quarter worth about $504,000. Finally, Nomura Holdings Inc. bought a new position in shares of XBP Global in the 3rd quarter worth about $863,000. 15.72% of the stock is currently owned by institutional investors.

XBP Global Company Profile

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.