Global Blue Group (NYSE:GB) Downgraded by Oppenheimer to Market Perform

Global Blue Group (NYSE:GB) was downgraded by equities researchers at Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday,Finviz reports.

Global Blue Group Trading Up 0.3 %

GB opened at $7.34 on Thursday. Global Blue Group has a 52 week low of $4.26 and a 52 week high of $8.00. The business has a fifty day simple moving average of $7.06 and a 200-day simple moving average of $6.00. The firm has a market cap of $1.46 billion, a P/E ratio of 34.95 and a beta of 0.41. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new position in Global Blue Group in the fourth quarter valued at $1,200,000. XTX Topco Ltd purchased a new position in Global Blue Group in the fourth quarter valued at $87,000. Renaissance Technologies LLC boosted its holdings in Global Blue Group by 74.8% in the fourth quarter. Renaissance Technologies LLC now owns 45,800 shares of the company’s stock valued at $317,000 after purchasing an additional 19,600 shares during the period. Wells Fargo & Company MN purchased a new position in Global Blue Group in the fourth quarter valued at $79,000. Finally, Scalar Gauge Management LLC boosted its holdings in Global Blue Group by 17.5% in the fourth quarter. Scalar Gauge Management LLC now owns 339,651 shares of the company’s stock valued at $2,354,000 after purchasing an additional 50,668 shares during the period. 89.66% of the stock is currently owned by hedge funds and other 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).