Global Blue Group (NYSE:GB) Shares Gap Up – Still a Buy?

Global Blue Group Holding AG (NYSE:GB)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $6.23, but opened at $7.34. Global Blue Group shares last traded at $7.33, with a volume of 760,948 shares.

Analysts Set New Price Targets

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

Global Blue Group Stock Up 0.1 %

The firm’s fifty day simple moving average is $6.98 and its two-hundred day simple moving average is $5.92. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 34.83 and a beta of 0.41. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30.

Global Blue Group (NYSE:GB) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Global Blue Group had a return on equity of 44.01% and a net margin of 10.29%. During the same period last year, the business earned $0.08 earnings per share. Sell-side analysts anticipate that Global Blue Group Holding AG will post 0.3 EPS for the current year.

Institutional Trading of Global Blue Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Independent Advisor Alliance purchased a new position in Global Blue Group during the third quarter worth about $229,000. Scalar Gauge Management LLC lifted its holdings in shares of Global Blue Group by 21.0% in the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after acquiring an additional 50,100 shares during the last quarter. Atom Investors LP boosted 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 worth $410,000 after purchasing an additional 12,625 shares during the period. WCM Investment Management LLC increased its holdings in Global Blue Group by 3.0% in the 4th quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock valued at $13,437,000 after purchasing an additional 57,889 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new stake in Global Blue Group in the fourth quarter valued at approximately $73,000. 89.66% of the stock is owned by institutional investors and hedge funds.

Global Blue Group Company Profile

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).