Global Blue Group (NYSE:GB) Shares Up 6% – Time to Buy?

Global Blue Group Holding AG (NYSE:GB)’s stock price rose 6% during trading on Monday . The company traded as high as $6.74 and last traded at $6.86. Approximately 4,251 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 86,948 shares. The stock had previously closed at $6.47.

Analyst Upgrades and Downgrades

Separately, Oppenheimer began coverage on 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 Trading Down 1.4 %

The business’s fifty day moving average is $6.87 and its two-hundred day moving average is $5.84. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 31.14 and a beta of 0.41. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30.

Global Blue Group (NYSE:GB) last posted its earnings results on Friday, November 22nd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Global Blue Group had a net margin of 10.29% and a return on equity of 44.01%. During the same period last year, the firm earned $0.08 EPS. Equities analysts anticipate that Global Blue Group Holding AG will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Independent Advisor Alliance acquired a new position in shares of Global Blue Group during the 3rd quarter worth approximately $229,000. Atom Investors LP boosted its stake in Global Blue Group by 20.2% in the third 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. Scalar Gauge Management LLC grew its holdings in shares of 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 last quarter. Finally, WCM Investment Management LLC grew its stake in shares of Global Blue Group by 3.0% during the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock worth $13,437,000 after buying an additional 57,889 shares during the last quarter. Institutional investors and hedge funds 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).