Global Blue Group (NYSE:GB) Sees Strong Trading Volume – Still a Buy?

Shares of Global Blue Group Holding AG (NYSE:GB) saw unusually-strong trading volume on Thursday . Approximately 108,730 shares were traded during mid-day trading, an increase of 197% from the previous session’s volume of 36,548 shares.The stock last traded at $6.98 and had previously closed at $6.93.

Analysts Set New Price Targets

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

Global Blue Group Trading Up 6.5 %

The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 36.43 and a beta of 0.44. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50-day moving average price is $6.02 and its two-hundred day moving average price is $5.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GB. Atom Investors LP increased its holdings in Global Blue Group by 20.2% in the 3rd 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 increased its stake 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 valued at $1,581,000 after acquiring an additional 50,100 shares during the last quarter. Independent Advisor Alliance acquired a new position in Global Blue Group during the third quarter valued at approximately $229,000. Finally, Sei Investments Co. lifted its stake in Global Blue Group by 8.6% during the second quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after purchasing an additional 8,646 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).