Global Blue Group (NYSE:GB) Sets New 12-Month High – Here’s What Happened

Global Blue Group Holding AG (NYSE:GB) reached a new 52-week high on Thursday . The company traded as high as $6.01 and last traded at $5.96, with a volume of 42067 shares trading hands. The stock had previously closed at $5.57.

Analyst Ratings Changes

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

Global Blue Group Stock Performance

The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 39.79 and a beta of 0.42. The company’s 50-day simple moving average is $5.45 and its 200-day simple moving average is $5.11. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.92.

Global Blue Group (NYSE:GB) last announced its earnings results on Wednesday, August 28th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $126.75 million during the quarter, compared to the consensus estimate of $127.42 million. Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. On average, analysts expect that Global Blue Group Holding AG will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GB. Atom Investors LP grew its stake 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 during the period. Scalar Gauge Management LLC increased its stake in shares of 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 purchasing an additional 50,100 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Global Blue Group during the 3rd quarter valued at approximately $229,000. Sei Investments Co. boosted its holdings in Global Blue Group by 8.6% in the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after buying an additional 8,646 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Global Blue Group by 1,640.7% during 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 acquiring an additional 4,770,550 shares during the period. 89.66% of the stock is owned by institutional investors.

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).