Global Blue Group (NYSE:GB) Trading Up 5.5% – Should You Buy?

Global Blue Group Holding AG (NYSE:GB) traded up 5.5% during mid-day trading on Tuesday . The stock traded as high as $5.80 and last traded at $5.80. 10,976 shares were traded during trading, a decline of 69% from the average session volume of 35,789 shares. The stock had previously closed at $5.50.

Analyst Upgrades and Downgrades

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

Global Blue Group Stock Up 6.4 %

The company has a 50-day moving average of $5.49 and a two-hundred day moving average of $5.16. 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 company has a market capitalization of $1.17 billion, a PE ratio of 26.76 and a beta of 0.44.

Hedge Funds Weigh In On Global Blue Group

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