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

Global Blue Group Holding AG (NYSE:GB) gapped down before the market opened 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 changing hands.

Wall Street Analyst Weigh In

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

Global Blue Group Trading Down 3.7 %

The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $1.09 billion, a P/E ratio of 28.38 and a beta of 0.42. The company has a 50-day simple moving average of $5.46 and a 200-day simple moving average of $5.12.

Global Blue Group (NYSE:GB) last released its quarterly 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 net margin of 10.29% and a return on equity of 48.04%. The business had revenue of $126.75 million during the quarter, compared to the consensus estimate of $127.42 million. On average, sell-side analysts forecast that Global Blue Group Holding AG will post 0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Independent Advisor Alliance acquired a new position in Global Blue Group during the 3rd quarter valued at about $229,000. Atom Investors LP lifted its holdings in 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 buying an additional 12,625 shares during the period. Sei Investments Co. boosted its stake in Global Blue Group by 4.1% in the first quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after acquiring an additional 4,000 shares during the last quarter. Scalar Gauge Management LLC boosted 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 last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in 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 worth $24,395,000 after acquiring an additional 4,770,550 shares during the period. 89.66% of the stock is currently owned by institutional investors.

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).