Global Blue Group (NYSE:GB) Stock Rating Lowered by Oppenheimer

Global Blue Group (NYSE:GB) was downgraded by investment analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report issued on Thursday, MarketBeat.com reports.

Global Blue Group Stock Performance

Shares of NYSE GB opened at $7.32 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30. The business has a fifty day simple moving average of $7.11 and a 200 day simple moving average of $6.03. Global Blue Group has a one year low of $4.26 and a one year high of $8.00. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 34.83 and a beta of 0.41.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC acquired a new position in Global Blue Group during the fourth quarter worth $73,000. Wells Fargo & Company MN acquired a new position in Global Blue Group during the fourth quarter worth $79,000. XTX Topco Ltd acquired a new position in Global Blue Group during the fourth quarter worth $87,000. Independent Advisor Alliance acquired a new position in Global Blue Group during the third quarter worth $229,000. Finally, Renaissance Technologies LLC raised its stake in Global Blue Group by 74.8% during the fourth quarter. Renaissance Technologies LLC now owns 45,800 shares of the company’s stock worth $317,000 after acquiring an additional 19,600 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

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).