Oppenheimer began coverage on shares of Global Blue Group (NYSE:GB - Free Report) in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $6.00 price objective on the stock.
Global Blue Group Stock Down 2.0 %
Global Blue Group stock traded down $0.11 during mid-day trading on Thursday, hitting $5.30. The company had a trading volume of 88,034 shares, compared to its average volume of 33,895. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.92. The stock's 50 day moving average price is $5.22 and its two-hundred day moving average price is $5.05. Global Blue Group has a 12 month low of $4.10 and a 12 month high of $5.94. The company has a market capitalization of $1.01 billion, a PE ratio of 75.71 and a beta of 0.43.
Global Blue Group (NYSE:GB - Get Free Report) last announced 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%. As a group, sell-side analysts anticipate that Global Blue Group will post 0.36 earnings per share for the current fiscal year.
Institutional Trading of Global Blue Group
A hedge fund recently raised its stake in Global Blue Group stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Global Blue Group Holding AG (NYSE:GB - Free Report) by 1,640.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,061,307 shares of the company's stock after purchasing an additional 4,770,550 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 2.67% of Global Blue Group worth $24,395,000 at the end of the most recent reporting period. 89.66% of the stock is owned by hedge funds and other institutional investors.
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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