Global Blue Group (NYSE:GB) Stock Price Up 3.8% – Should You Buy?

Global Blue Group Holding AG (NYSE:GB) rose 3.8% during mid-day trading on Tuesday . The stock traded as high as $5.70 and last traded at $5.67. Approximately 11,327 shares traded hands during trading, a decline of 67% from the average daily volume of 33,915 shares. The stock had previously closed at $5.46.

Analyst Upgrades and Downgrades

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

Global Blue Group Stock Up 1.8 %

The firm has a market capitalization of $1.06 billion, a PE ratio of 39.00 and a beta of 0.42. The company has a fifty day simple moving average of $5.44 and a two-hundred day simple moving average of $5.10. 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 released its earnings results on Wednesday, August 28th. The company reported $0.03 earnings per share (EPS) 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%. Analysts forecast that Global Blue Group Holding AG will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Blue Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. raised its holdings in Global Blue Group by 4.1% in the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after buying an additional 4,000 shares during the period. Atom Investors LP boosted its position 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 acquiring an additional 12,625 shares in the last quarter. Independent Advisor Alliance acquired a new stake in Global Blue Group during the third quarter worth approximately $229,000. Scalar Gauge Management LLC lifted its holdings in shares of Global Blue Group by 21.0% in the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock valued at $1,581,000 after purchasing an additional 50,100 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Global Blue Group by 1,640.7% in 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 acquiring an additional 4,770,550 shares during the period. 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).