Global Blue Group (NYSE:GB) Stock Price Down 6.4% – Here’s What Happened

Global Blue Group Holding AG (NYSE:GB)’s share price fell 6.4% on Friday . The stock traded as low as $7.25 and last traded at $7.16. 123,300 shares were traded during mid-day trading, a decline of 4% from the average session volume of 128,957 shares. The stock had previously closed at $7.65.

Analyst Ratings Changes

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

Global Blue Group Stock Down 1.7 %

The stock has a market cap of $1.50 billion, a PE ratio of 34.83 and a beta of 0.40. The business has a 50-day moving average price of $6.41 and a 200-day moving average price of $5.60. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30.

Institutional Trading of Global Blue Group

Several institutional investors have recently modified their holdings of the stock. Sei Investments Co. raised its position in shares of Global Blue Group by 8.6% during the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $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 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 raised its holdings in shares of Global Blue Group by 21.0% during 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, Independent Advisor Alliance acquired a new position in shares of Global Blue Group during the third quarter valued at approximately $229,000. Institutional investors and hedge funds 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).