Global Blue Group (NYSE:GB) Shares Gap Down – What’s Next?

Global Blue Group Holding AG (NYSE:GB)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.96, but opened at $5.49. Global Blue Group shares last traded at $5.49, with a volume of 14,852 shares trading hands.

Wall Street Analyst Weigh In

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

Global Blue Group Price Performance

The stock’s fifty day moving average is $5.46 and its 200-day moving average is $5.12. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $1.09 billion, a P/E ratio of 28.38 and a beta of 0.42.

Global Blue Group (NYSE:GB) last announced its 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). Global Blue Group had a return on equity of 48.04% and a net margin of 10.29%. The company had revenue of $126.75 million for the quarter, compared to the consensus estimate of $127.42 million. On average, equities analysts anticipate that Global Blue Group Holding AG will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On Global Blue Group

A number of institutional investors and hedge funds have recently bought and sold shares of GB. Allspring Global Investments Holdings LLC boosted its stake in Global Blue Group by 1,640.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock worth $24,395,000 after buying an additional 4,770,550 shares in the last quarter. Scalar Gauge Management LLC increased its stake in Global Blue Group by 21.0% in the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock valued at $1,581,000 after acquiring an additional 50,100 shares during the period. Independent Advisor Alliance acquired a new position in Global Blue Group in the third quarter worth about $229,000. Atom Investors LP lifted its stake in 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. Finally, Sei Investments Co. boosted its holdings in Global Blue Group by 8.6% during the second quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after purchasing an additional 8,646 shares in the last quarter. Institutional investors 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).