Global Blue Group (NYSE:GB) Reaches New 12-Month High – Should You Buy?

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

Analyst Ratings Changes

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

Global Blue Group Stock Performance

The firm has a 50 day moving average price of $5.46 and a 200-day moving average price of $5.12. The stock has a market capitalization of $1.13 billion, a PE ratio of 42.57 and a beta of 0.42. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.92.

Global Blue Group (NYSE:GB) last released its quarterly earnings data 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). Global Blue Group had a return on equity of 48.62% and a net margin of 7.32%. The business had revenue of $126.75 million during the quarter, compared to analyst estimates of $127.42 million. Research analysts expect that Global Blue Group Holding AG will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Global Blue Group

Institutional investors have recently made changes to their positions in the company. Independent Advisor Alliance acquired a new stake in Global Blue Group in the third quarter valued at approximately $229,000. Atom Investors LP lifted its position 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 valued at $410,000 after buying an additional 12,625 shares in the last quarter. Sei Investments Co. grew its stake in Global Blue Group by 4.1% in the 1st quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after acquiring an additional 4,000 shares during the period. Scalar Gauge Management LLC increased its holdings in Global Blue Group by 21.0% in the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after acquiring an additional 50,100 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Global Blue Group by 1,640.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock valued at $24,395,000 after purchasing an additional 4,770,550 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other 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).