10 Best Penny Stocks To Buy According to the Media

5. Sabre Corporation (NASDAQ:SABR)

Number of Hedge Fund Holders: 23

Sabre Corporation is one of the three major global travel distribution companies, which connect travel agencies and users to various hotels, flights, rental car options and other travel-related facilities. The company operates through two main segments: Travel Solutions and Hospitality Solutions. The travel solutions segment offers a B2B travel marketplace that brings together airlines, hotels, and travel agencies to make it easier for people to book and plan their travel. The segment also provides a portfolio of Software as a Service (SaaS) and other software technologies to airlines and travel suppliers to effectively manage reservation systems, commercial operations, and agency and data intelligence solutions. The Hospitality Solutions segment provides software and technology solutions to hotels and hotel chain managers so they can better serve their guests thereby making the overall hotel booking experience easier for travelers.

SABR is one of the best penny stocks to buy now and we say this because it was held by 23 hedge funds at the close of the first quarter of 2024 with stakes worth $126.147 million. The company posted a Q1 this year, with revenue increasing 5% year over year to $784 million and adjusted EBITDA increasing by 145% to $142 million. The growth in revenue and the adjusted EBITDA was mainly due to management’s adherence to its growth strategies which drove higher average booking fees, cost structure improvements, and a strong gain in air share and hotel distribution. Sabre Corporation (NASDAQ:SABR) increased its air distribution industry share by 0.6 pts year over year and grew its total distribution bookings by 2% during the same period to 98 million.

Should you invest in SABR? Here’s the conclusion: In addition to the strong performance of Sabre Corporation (NASDAQ:SABR) concerning its strategic priorities to cut cost base and achieve technological transformation, the company has been able to land successful strategic partnerships. The company has signed key deals with Etraveli Group and W2M to expand its platform with 20 new airline partners. Moreover, within the Airline IT segment, the company has secured recent agreements with Aegean Airlines and Air Serbia. These companies will adopt Sabre’s SabreSonic software platform to better manage their inventory and network. With these strategic partnerships, overall cost-cutting focused management, and technological transformation, Sabre Corporation is set to capitalize on the rebound in global traveling. On the Street, five Wall Street analysts hold a Buy opinion on SABR.