Global Blue Group (NYSE:GB) Trading 4.1% Higher – Here’s What Happened

Global Blue Group Holding AG (NYSE:GB) was up 4.1% during trading on Tuesday . The stock traded as high as $5.90 and last traded at $5.85. Approximately 9,647 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 35,363 shares. The stock had previously closed at $5.62.

Wall Street Analyst Weigh In

Separately, Oppenheimer assumed 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.

Global Blue Group Price Performance

The company has a market cap of $1.12 billion, a PE ratio of 26.93 and a beta of 0.42. The business’s 50 day moving average price is $5.46 and its 200-day moving average price is $5.13. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.92.

Global Blue Group (NYSE:GB) last posted its quarterly earnings data 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 firm had revenue of $126.75 million for the quarter, compared to analysts’ expectations of $127.42 million. Global Blue Group had a net margin of 10.29% and a return on equity of 48.04%. As a group, analysts forecast that Global Blue Group Holding AG will post 0.38 earnings per share for the current year.

Institutional Trading of Global Blue Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Global Blue Group by 1,640.7% in 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 during the last quarter. Scalar Gauge Management LLC increased 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 worth $1,581,000 after buying an additional 50,100 shares during the last quarter. Sei Investments Co. increased its stake 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 during the last quarter. Atom Investors LP increased 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 valued at $410,000 after purchasing an additional 12,625 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in Global Blue Group during the third quarter valued at $229,000. 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).