Global Blue Group (NYSE:GB) Trading 3.8% Higher – What’s Next?

Global Blue Group Holding AG (NYSE:GB)’s share price traded up 3.8% during mid-day trading on Tuesday . The company traded as high as $5.70 and last traded at $5.67. 11,327 shares changed hands during trading, a decline of 67% from the average session volume of 33,915 shares. The stock had previously closed at $5.46.

Wall Street Analyst Weigh In

Separately, Oppenheimer began coverage on Global Blue Group in a report on Thursday, October 24th. They issued an “outperform” rating and a $6.00 target price on the stock.

Global Blue Group Trading Down 0.2 %

The business has a fifty day moving average of $5.45 and a 200-day moving average of $5.11. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $1.06 billion, a P/E ratio of 39.79 and a beta of 0.42.

Global Blue Group (NYSE:GB) last issued its earnings results on Wednesday, August 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Global Blue Group had a return on equity of 48.62% and a net margin of 7.32%. The firm had revenue of $126.75 million during the quarter, compared to the consensus estimate of $127.42 million. Analysts anticipate that Global Blue Group Holding AG will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Blue Group

Several large investors have recently bought and sold shares of the stock. Atom Investors LP increased its position in shares of Global Blue Group by 20.2% during the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after purchasing an additional 12,625 shares during the last quarter. Scalar Gauge Management LLC increased its position in shares of Global Blue Group by 21.0% during the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock valued at $1,581,000 after purchasing an additional 50,100 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of Global Blue Group during the 3rd quarter valued at $229,000. Sei Investments Co. increased its position in shares of Global Blue Group by 8.6% during the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after purchasing an additional 8,646 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Global Blue Group by 1,640.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock valued at $24,395,000 after purchasing an additional 4,770,550 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors.

About Global Blue Group

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).