Global Blue Group (NYSE:GB) Trading Up 3.5% – Still a Buy?

Global Blue Group Holding AG (NYSE:GB) rose 3.5% during mid-day trading on Monday . The company traded as high as $6.43 and last traded at $6.43. Approximately 3,297 shares changed hands during trading, a decline of 91% from the average daily volume of 36,110 shares. The stock had previously closed at $6.21.

Analyst Ratings Changes

Separately, Oppenheimer started coverage on shares of Global Blue Group in a research report on Thursday, October 24th. They issued an “outperform” rating and a $6.00 price target on the stock.

Global Blue Group Price Performance

The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 30.24 and a beta of 0.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30. The business has a 50-day moving average price of $5.70 and a two-hundred day moving average price of $5.28.

Institutional Trading of Global Blue Group

A number of large investors have recently modified their holdings of GB. Atom Investors LP lifted its holdings in shares of Global Blue Group by 20.2% in the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after buying an additional 12,625 shares during the period. Scalar Gauge Management LLC raised its position in Global Blue Group by 21.0% in the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after acquiring an additional 50,100 shares in the last quarter. Independent Advisor Alliance acquired a new stake in Global Blue Group in the 3rd quarter valued at about $229,000. Sei Investments Co. boosted its position in shares of 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 purchasing an additional 8,646 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Global Blue Group by 1,640.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock worth $24,395,000 after purchasing an additional 4,770,550 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

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).