Cantor Fitzgerald Initiates Coverage on XBP Global (NASDAQ:XBP)

Research analysts at Cantor Fitzgerald started coverage on shares of XBP Global (NASDAQ:XBP) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $5.00 price target on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 62.87% from the company’s current price.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of XBP Global in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.00.

XBP Global Stock Up 3.7%

NASDAQ:XBP opened at $3.07 on Wednesday. The company has a market capitalization of $36.13 million, a price-to-earnings ratio of -1.40 and a beta of -0.15. XBP Global has a one year low of $2.50 and a one year high of $25.60. The stock has a 50-day simple moving average of $5.45 and a 200 day simple moving average of $6.24. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.71 and a current ratio of 0.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Clear Harbor Asset Management LLC bought a new stake in shares of XBP Global during the 3rd quarter valued at about $42,000. Allianz Asset Management GmbH bought a new position in XBP Global in the third quarter worth about $1,362,000. Vanguard Group Inc. boosted its stake in XBP Global by 6,119.5% in the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock valued at $1,529,000 after acquiring an additional 1,864,748 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of XBP Global during the third quarter valued at approximately $504,000. Finally, Shay Capital LLC grew its holdings 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 valued at $81,000 after purchasing an additional 78,001 shares during the last quarter. 15.72% of the stock is owned by institutional investors and hedge funds.

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.