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

Oppenheimer assumed coverage on shares of Global Blue Group (NYSE:GB) in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $6.00 target price on the stock.

Global Blue Group Stock Down 1.1 %

Shares of NYSE:GB opened at $5.24 on Thursday. Global Blue Group has a 52-week low of $4.10 and a 52-week high of $5.94. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.92. The business has a fifty day moving average of $5.23 and a two-hundred day moving average of $5.05. The stock has a market cap of $994.85 million, a P/E ratio of 75.57 and a beta of 0.43.

Global Blue Group (NYSE:GB) last posted 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). The firm had revenue of $126.75 million during the quarter, compared to analyst estimates of $127.42 million. Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. On average, research analysts expect that Global Blue Group will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On Global Blue Group

A hedge fund recently raised its stake in Global Blue Group stock. Sei Investments Co. increased its holdings in shares of Global Blue Group Holding AG (NYSE:GB) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,435 shares of the company’s stock after purchasing an additional 8,646 shares during the quarter. Sei Investments Co. owned 0.06% of Global Blue Group worth $527,000 at the end of the most recent reporting period. 89.66% of the stock is owned by hedge funds and other 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).