Global Blue Group (NYSE:GB) Stock Price Up 4.1% – Should You Buy?

Global Blue Group Holding AG (NYSE:GB)’s stock price shot up 4.1% during trading on Tuesday . The stock traded as high as $5.90 and last traded at $5.85. 9,647 shares changed hands during trading, a decline of 73% from the average session volume of 35,363 shares. The stock had previously closed at $5.62.

Analyst Upgrades and Downgrades

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

Global Blue Group Price Performance

The firm has a market capitalization of $1.15 billion, a P/E ratio of 28.95 and a beta of 0.42. The company has a fifty day moving average of $5.46 and a 200 day moving average of $5.14. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 0.98.

Global Blue Group (NYSE:GB) last announced its earnings results 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). The firm had revenue of $126.75 million for the quarter, compared to the consensus estimate of $127.42 million. Global Blue Group had a return on equity of 44.01% and a net margin of 10.29%. Sell-side analysts predict that Global Blue Group Holding AG will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On Global Blue Group

Several institutional investors have recently added to or reduced their stakes in GB. Allspring Global Investments Holdings LLC increased its position in 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 valued at $24,395,000 after buying an additional 4,770,550 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Global Blue Group by 8.6% during the second quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after acquiring an additional 8,646 shares in the last quarter. Atom Investors LP increased its holdings in shares of Global Blue Group by 20.2% during the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after acquiring an additional 12,625 shares in the last quarter. Scalar Gauge Management LLC raised its position in shares of Global Blue Group by 21.0% during the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after purchasing an additional 50,100 shares during the period. Finally, Independent Advisor Alliance bought a new position in shares of Global Blue Group in the 3rd quarter worth $229,000. 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).