Global Blue Group (NYSE:GB) Shares Gap Down - What's Next?

Global Blue Group Holding AG (NYSE:GB - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $7.39, but opened at $7.21. Global Blue Group shares last traded at $7.40, with a volume of 34,559 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Oppenheimer started coverage on shares of Global Blue Group in a report on Thursday, October 24th. They set an "outperform" rating and a $6.00 price objective on the stock.

Global Blue Group Stock Performance

The firm has a market capitalization of $1.46 billion, a PE ratio of 34.81 and a beta of 0.40. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 1.00. The company's fifty day simple moving average is $6.48 and its 200 day simple moving average is $5.64.

Global Blue Group (NYSE:GB - Get Free Report) last announced 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 period in the prior year, the business earned $0.08 EPS. As a group, equities research analysts expect that Global Blue Group Holding AG will post 0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Blue Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Scalar Gauge Management LLC increased its position in shares of Global Blue Group by 21.0% in 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 last quarter. Sei Investments Co. increased its position in shares of Global Blue Group by 8.6% in the second quarter. Sei Investments Co. now owns 109,435 shares of the company's stock worth $527,000 after purchasing an additional 8,646 shares during the last quarter. Atom Investors LP increased its position in shares of Global Blue Group by 20.2% in 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 last quarter. Finally, Independent Advisor Alliance bought a new position in shares of Global Blue Group in the third quarter worth approximately $229,000. 89.66% of the stock is 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).