Global Blue Group (NYSE:GB) Now Covered by Oppenheimer

Analysts at Oppenheimer initiated coverage on shares of Global Blue Group (NYSE:GB) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $6.00 price target on the stock. Oppenheimer’s price objective suggests a potential upside of 8.11% from the stock’s current price.

Global Blue Group Stock Performance

NYSE GB opened at $5.55 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.92. Global Blue Group has a twelve month low of $4.10 and a twelve month high of $5.94. The stock has a 50-day moving average of $5.23 and a 200 day moving average of $5.05. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 77.00 and a beta of 0.43.

Global Blue Group (NYSE:GB) last announced its earnings results on Wednesday, August 28th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Blue Group had a return on equity of 48.62% and a net margin of 7.32%. The business had revenue of $126.75 million for the quarter, compared to analyst estimates of $127.42 million. Sell-side analysts anticipate that Global Blue Group will post 0.36 EPS for the current fiscal year.

Institutional Trading of Global Blue Group

A hedge fund recently raised its stake in Global Blue Group stock. Allspring Global Investments Holdings LLC raised its position in Global Blue Group Holding AG (NYSE:GB) by 1,640.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,061,307 shares of the company’s stock after buying an additional 4,770,550 shares during the period. Allspring Global Investments Holdings LLC owned about 2.67% of Global Blue Group worth $24,395,000 at the end of the most recent reporting 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).