Global Blue Group (NYSE:GB) Shares Gap Down – Should You Sell?

Shares of Global Blue Group Holding AG (NYSE:GB) 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 started coverage on shares of Global Blue Group in a research report on Thursday, October 24th. They issued an “outperform” rating and a $6.00 price objective for the company.

Global Blue Group Price Performance

The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 5.30. The company’s 50-day moving average price is $5.46 and its two-hundred day moving average price is $5.13. The company has a market cap of $1.10 billion, a P/E ratio of 27.71 and a beta of 0.42.

Global Blue Group (NYSE:GB) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $126.75 million for the quarter, compared to analyst estimates of $127.42 million. Global Blue Group had a net margin of 10.29% and a return on equity of 44.01%. As a group, sell-side analysts expect that Global Blue Group Holding AG will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On Global Blue Group

A number of large investors have recently bought and sold shares of the business. Sei Investments Co. grew its position in Global Blue Group by 4.1% in the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock worth $528,000 after purchasing an additional 4,000 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Global Blue Group by 1,640.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock valued at $24,395,000 after purchasing an additional 4,770,550 shares during the period. Atom Investors LP raised its stake in shares of Global Blue Group by 20.2% in the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company’s stock worth $410,000 after buying an additional 12,625 shares in the last quarter. Scalar Gauge Management LLC lifted its holdings 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. Finally, Independent Advisor Alliance bought a new position in Global Blue Group during the third quarter valued at about $229,000. Institutional investors own 89.66% of the company’s stock.

Global Blue Group Company Profile

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).