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

Global Blue Group Holding AG (NYSE:GB) shares gapped down prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

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

Global Blue Group Price Performance

The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 35.71 and a beta of 0.40. The stock has a fifty day moving average of $6.56 and a two-hundred day moving average of $5.67. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 1.00.

Global Blue Group (NYSE:GB) last posted its quarterly earnings data on Friday, November 22nd. The company reported $0.10 earnings per share 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 business earned $0.08 earnings per share. Sell-side analysts anticipate that Global Blue Group Holding AG will post 0.29 earnings per share for the current year.

Institutional Trading of Global Blue Group

Large investors have recently bought and sold shares of the business. Sei Investments Co. grew its stake in shares of Global Blue Group by 8.6% in the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after buying an additional 8,646 shares during the period. Atom Investors LP grew 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 valued at $410,000 after buying an additional 12,625 shares during the period. Scalar Gauge Management LLC lifted its position in Global Blue Group by 21.0% in the 3rd 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 in the last quarter. Finally, Independent Advisor Alliance bought a new position in Global Blue Group in the 3rd quarter valued at about $229,000. 89.66% of the stock is currently owned by institutional investors and hedge funds.

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).