Global Blue Group (NYSE:GB) Sees Large Volume Increase – What’s Next?

Global Blue Group Holding AG (NYSE:GB) saw an uptick in trading volume on Thursday . 965,159 shares were traded during trading, an increase of 159% from the previous session’s volume of 372,292 shares.The stock last traded at $7.32 and had previously closed at $7.32.

Wall Street Analysts Forecast Growth

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

Global Blue Group Stock Down 0.2 %

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30. The company has a market capitalization of $1.46 billion, a PE ratio of 34.83 and a beta of 0.41. The business’s 50-day simple moving average is $6.95 and its 200-day simple moving average is $5.91.

Global Blue Group (NYSE:GB) last posted its quarterly earnings results on Friday, November 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Global Blue Group had a net margin of 10.29% and a return on equity of 44.01%. During the same quarter last year, the firm posted $0.08 earnings per share. As a group, equities research analysts anticipate that Global Blue Group Holding AG will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Independent Advisor Alliance purchased a new stake 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% during the third 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. Atom Investors LP lifted its holdings in shares of Global Blue Group by 20.2% during the third 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 position in shares of Global Blue Group by 3.0% in the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock valued at $13,437,000 after buying an additional 57,889 shares in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Global Blue Group in the fourth quarter valued at $73,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

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).