Shares of Global Blue Group Holding AG (NYSE:GB - Get Free Report) shot up 6% on Monday . The stock traded as high as $6.74 and last traded at $6.86. 4,251 shares changed hands during trading, a decline of 95% from the average session volume of 86,948 shares. The stock had previously closed at $6.47.
Wall Street Analyst Weigh In
Separately, Oppenheimer initiated coverage on shares of Global Blue Group in a report on Thursday, October 24th. They issued an "outperform" rating and a $6.00 price target on the stock.
Check Out Our Latest Stock Analysis on Global Blue Group
Global Blue Group Trading Up 2.2 %
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 stock has a market cap of $1.35 billion, a price-to-earnings ratio of 32.26 and a beta of 0.41. The business's fifty day simple moving average is $6.88 and its 200 day simple moving average is $5.84.
Global Blue Group (NYSE:GB - Get Free Report) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.10 earnings per share for the quarter, beating 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 in the previous year, the company earned $0.08 EPS. On average, research analysts predict that Global Blue Group Holding AG will post 0.3 EPS for the current year.
Hedge Funds Weigh In On Global Blue Group
A number of hedge funds have recently added to or reduced their stakes in GB. WCM Investment Management LLC raised its stake 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 worth $13,437,000 after acquiring an additional 57,889 shares in the last quarter. Scalar Gauge Management LLC increased its position 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 worth $2,354,000 after purchasing an additional 50,668 shares during the period. Atom Investors LP increased its position in 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 period. Renaissance Technologies LLC increased its position in Global Blue Group by 74.8% in the fourth quarter. Renaissance Technologies LLC now owns 45,800 shares of the company's stock worth $317,000 after purchasing an additional 19,600 shares during the period. Finally, Independent Advisor Alliance acquired a new stake in Global Blue Group in the third quarter worth about $229,000. Institutional investors and hedge funds own 89.66% of the company's stock.
Global Blue Group Company Profile
(
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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