Global Blue Group (NYSE:GB) Shares Up 4.1% – Here’s What Happened

Global Blue Group Holding AG (NYSE:GB) rose 4.1% on Tuesday . The stock traded as high as $5.90 and last traded at $5.85. Approximately 9,647 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 35,363 shares. The stock had previously closed at $5.62.

Analyst Ratings Changes

Separately, Oppenheimer assumed coverage on Global Blue Group in a report on Thursday, October 24th. They set 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 business has a 50-day moving average of $5.46 and a 200 day moving average of $5.14. The firm has a market capitalization of $1.15 billion, a PE ratio of 28.95 and a beta of 0.42.

Global Blue Group (NYSE:GB) last announced its earnings results on Wednesday, August 28th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Blue Group had a net margin of 10.29% and a return on equity of 44.01%. The firm had revenue of $126.75 million during the quarter, compared to analysts’ expectations of $127.42 million. As a group, research analysts anticipate that Global Blue Group Holding AG will post 0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Blue Group

Institutional investors have recently added to or reduced their stakes in the company. Independent Advisor Alliance bought a new position in Global Blue Group in the 3rd quarter valued at $229,000. Atom Investors LP raised its stake in shares of 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 purchasing an additional 12,625 shares during the period. Sei Investments Co. boosted its holdings 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 worth $527,000 after buying an additional 8,646 shares during the last quarter. Scalar Gauge Management LLC grew its position in 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 buying an additional 50,100 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Global Blue Group by 1,640.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock worth $24,395,000 after buying an additional 4,770,550 shares during the last quarter. 89.66% of the stock is owned by institutional investors.

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).