Global Blue Group (NYSE:GB) Lowered to “Market Perform” Rating by Oppenheimer

Oppenheimer cut shares of Global Blue Group (NYSE:GB) from an outperform rating to a market perform rating in a research report released on Thursday morning, Marketbeat.com reports.

Global Blue Group Stock Performance

Shares of Global Blue Group stock opened at $7.32 on Thursday. The business has a 50-day simple moving average of $7.11 and a 200 day simple moving average of $6.04. Global Blue Group has a one year low of $4.26 and a one year high of $8.00. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 34.83 and a beta of 0.41.

Hedge Funds Weigh In On Global Blue Group

A number of large investors have recently modified their holdings of the company. Orion Portfolio Solutions LLC acquired a new position in Global Blue Group during the 4th quarter valued at about $73,000. Wells Fargo & Company MN purchased a new position in shares of Global Blue Group during the fourth quarter valued at approximately $79,000. XTX Topco Ltd bought a new stake in Global Blue Group during the fourth quarter worth $87,000. Independent Advisor Alliance purchased a new stake in Global Blue Group in the 3rd quarter valued at $229,000. Finally, Renaissance Technologies LLC lifted its stake in Global Blue Group by 74.8% during the 4th quarter. Renaissance Technologies LLC now owns 45,800 shares of the company’s stock valued at $317,000 after acquiring an additional 19,600 shares in the last quarter. 89.66% of the stock is currently 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).