Shares of Global Blue Group Holding AG (NYSE:GB - Get Free Report) gapped up prior to trading 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 traded.
Analyst Upgrades and Downgrades
Separately, Oppenheimer assumed coverage on Global Blue Group in a research note on Thursday, October 24th. They set an "outperform" rating and a $6.00 price target on the stock.
Check Out Our Latest Stock Report on GB
Global Blue Group Stock Performance
The stock has a market cap of $1.46 billion, a PE ratio of 34.83 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. The firm has a 50 day moving average price of $6.98 and a 200 day moving average price of $5.92.
Global Blue Group (NYSE:GB - Get Free Report) last announced its quarterly earnings results on Friday, November 22nd. The company reported $0.10 EPS for the quarter, beating 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 quarter last year, the company earned $0.08 EPS. As a group, research analysts forecast that Global Blue Group Holding AG will post 0.3 earnings per share for the current year.
Institutional Investors Weigh In On Global Blue Group
A number of institutional investors have recently added to or reduced their stakes in GB. Bank of America Corp DE bought a new stake in Global Blue Group during the fourth quarter valued at about $1,200,000. WCM Investment Management LLC boosted its position in Global Blue Group by 3.0% during the fourth 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 in the last quarter. Scalar Gauge Management LLC boosted its position in Global Blue Group by 17.5% during 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 in the last quarter. Independent Advisor Alliance bought a new stake in Global Blue Group during the third quarter valued at about $229,000. Finally, Renaissance Technologies LLC boosted its position in Global Blue Group by 74.8% during 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 in the last quarter. Institutional investors own 89.66% of the company's stock.
About Global Blue Group
(
Get Free Report)
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).
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