Global Blue Group (NYSE:GB) Earns Outperform Rating from Analysts at Oppenheimer

Posted by Scott Moore on Oct 27th, 2024

Oppenheimer began coverage on shares of Global Blue Group (NYSE:GB – Free Report) in a research report report published on Thursday, Marketbeat reports. The firm issued an outperform rating and a $6.00 price target on the stock.

Global Blue Group Stock Up 3.6 %

NYSE:GB opened at $5.49 on Thursday. The company’s 50-day simple moving average is $5.25 and its 200-day simple moving average is $5.05. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98. Global Blue Group has a fifty-two week low of $4.10 and a fifty-two week high of $5.94. The stock has a market capitalization of $1.04 billion, a P/E ratio of 39.21 and a beta of 0.43.

Global Blue Group (NYSE:GB – Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $126.75 million during the quarter, compared to analyst estimates of $127.42 million. Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. On average, equities analysts anticipate that Global Blue Group will post 0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Blue Group

An institutional investor recently raised its position in Global Blue Group stock. Sei Investments Co. lifted its stake in Global Blue Group Holding AG (NYSE:GB – Free Report) by 8.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,435 shares of the company’s stock after purchasing an additional 8,646 shares during the quarter. Sei Investments Co. owned about 0.06% of Global Blue Group worth $527,000 as of its most recent SEC filing. 89.66% of the stock is owned by institutional investors.

About Global Blue Group

(Get Free Report)

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).