Global Blue Group (NYSE:GB) Trading 5.5% Higher – What’s Next?

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

Wall Street Analyst Weigh In

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

Global Blue Group Price Performance

The firm has a 50 day moving average of $5.49 and a two-hundred day moving average of $5.16. The company has a market cap of $1.17 billion, a PE ratio of 26.76 and a beta of 0.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30.

Institutional Investors Weigh In On Global Blue Group

A number of institutional investors have recently made changes to their positions in GB. Allspring Global Investments Holdings LLC lifted its stake 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. 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 buying an additional 50,100 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of Global Blue Group during the 3rd quarter valued at $229,000. Atom Investors LP boosted its stake in shares of 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 buying an additional 12,625 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Global Blue Group by 8.6% in the second quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock worth $527,000 after acquiring an additional 8,646 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.

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).