XBP Global (NASDAQ:XBP) CEO Andrej Jonovic Buys 31,500 Shares of Stock

XBP Global Holdings, Inc. (NASDAQ:XBP) CEO Andrej Jonovic purchased 31,500 shares of XBP Global stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average cost of $2.83 per share, with a total value of $89,145.00. Following the completion of the acquisition, the chief executive officer directly owned 244,700 shares in the company, valued at approximately $692,501. This trade represents a 14.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

XBP Global Stock Up 8.5%

XBP Global stock opened at $3.18 on Friday. The stock’s 50 day moving average price is $2.93 and its 200 day moving average price is $3.14. XBP Global Holdings, Inc. has a 1-year low of $2.00 and a 1-year high of $13.00. The company has a market cap of $37.78 million, a PE ratio of -0.86 and a beta of -0.45. The company has a debt-to-equity ratio of 7.59, a current ratio of 0.64 and a quick ratio of 0.60.

XBP Global (NASDAQ:XBP) last released its quarterly earnings data on Thursday, August 13th. The company reported ($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.04) by ($0.38). The business had revenue of $191.31 million during the quarter, compared to analysts’ expectations 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 reiterated a “sell (d)” rating on shares of XBP Global in a research note 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.00.

About XBP Global

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.