Global Blue Group (NYSE:GB) Shares Gap Down – Here’s Why

Shares of Global Blue Group Holding AG (NYSE:GB) 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.

Wall Street Analyst Weigh In

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

Global Blue Group Stock Performance

The company has a market capitalization of $1.50 billion, a P/E ratio of 35.71 and a beta of 0.40. The business has a fifty day moving average price of $6.56 and a 200 day moving average price of $5.67. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30.

Global Blue Group (NYSE:GB) last released its earnings results on Friday, November 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $0.08 EPS. On average, analysts expect that Global Blue Group Holding AG will post 0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Blue Group

Institutional investors have recently bought and sold shares of the business. Independent Advisor Alliance acquired a new position in shares of Global Blue Group in the third quarter valued at approximately $229,000. Atom Investors LP grew 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 valued at $410,000 after purchasing an additional 12,625 shares during the last quarter. Sei Investments Co. grew 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 valued at $527,000 after purchasing an additional 8,646 shares during the last quarter. Finally, Scalar Gauge Management LLC boosted its stake 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 valued at $1,581,000 after buying an additional 50,100 shares during the period. Institutional investors and hedge funds 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).