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

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

Analysts Set New Price Targets

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

Global Blue Group Trading Down 0.2 %

The firm has a 50 day simple moving average of $5.45 and a 200 day simple 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 firm has a market cap 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 quarterly 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). The business had revenue of $126.75 million for the quarter, compared to the consensus estimate 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 research analysts predict that Global Blue Group Holding AG will post 0.32 EPS for the current fiscal year.

Institutional Trading of Global Blue Group

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. increased its stake in Global Blue Group by 4.1% in the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock worth $528,000 after purchasing an additional 4,000 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Global Blue Group by 1,640.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock worth $24,395,000 after purchasing an additional 4,770,550 shares during the period. Atom Investors LP increased its stake in Global Blue Group by 20.2% in 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. Scalar Gauge Management LLC increased its stake in 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 purchasing an additional 50,100 shares during the period. Finally, Independent Advisor Alliance purchased a new position in Global Blue Group in the 3rd quarter worth approximately $229,000. Institutional investors own 89.66% of the company’s stock.

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).