Global Blue Group (NYSE:GB) Stock Price Up 4% – Still a Buy?

Global Blue Group Holding AG (NYSE:GB) shares were up 4% during trading on Tuesday . The company traded as high as $5.78 and last traded at $5.75. Approximately 14,693 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 34,047 shares. The stock had previously closed at $5.53.

Analyst Ratings Changes

Separately, Oppenheimer started coverage on Global Blue Group in a research note on Thursday, October 24th. They set an “outperform” rating and a $6.00 price objective for the company.

Global Blue Group Trading Down 2.7 %

The business has a fifty day simple moving average of $5.40 and a 200 day simple moving average of $5.09. The company has a market cap of $1.03 billion, a P/E ratio of 39.93 and a beta of 0.42. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98.

Global Blue Group (NYSE:GB) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. The business had revenue of $126.75 million for the quarter, compared to the consensus estimate of $127.42 million. Analysts anticipate that Global Blue Group Holding AG will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Global Blue Group

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 valued at $24,395,000 after purchasing an additional 4,770,550 shares during the period. Sei Investments Co. increased its stake in Global Blue Group by 8.6% during the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after buying an additional 8,646 shares during the period. Finally, Independent Advisor Alliance bought a new stake in Global Blue Group during the third quarter worth approximately $229,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

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).