Global Blue Group (NYSE:GB) Trading Up 4% – Time to Buy?

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

Wall Street Analysts Forecast Growth

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

Global Blue Group Stock Down 0.4 %

The company has a debt-to-equity ratio of 5.92, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average price of $5.40 and a two-hundred day moving average price of $5.08. The company has a market cap of $1.05 billion, a P/E ratio of 39.50 and a beta of 0.42.

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 analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $126.75 million during the quarter, compared to analysts’ expectations of $127.42 million. Global Blue Group had a return on equity of 48.62% and a net margin of 7.32%. On average, research analysts expect that Global Blue Group Holding AG will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global Blue Group stock. Sei Investments Co. grew its position in shares of Global Blue Group Holding AG (NYSE:GB) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,789 shares of the company’s stock after buying an additional 4,000 shares during the quarter. Sei Investments Co. owned 0.05% of Global Blue Group worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 89.66% of the stock is owned by institutional investors and hedge funds.

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).