Global Blue Group Holding AG (NYSE:GB - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $6.50 and last traded at $6.50, with a volume of 12149 shares. The stock had previously closed at $6.45.
Analyst Ratings Changes
Separately, Oppenheimer started coverage on shares of Global Blue Group in a research report on Thursday, October 24th. They issued an "outperform" rating and a $6.00 target price on the stock.
Read Our Latest Research Report on GB
Global Blue Group Price Performance
The firm has a market capitalization of $1.33 billion, a PE ratio of 31.67 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. The company has a fifty day moving average price of $5.72 and a two-hundred day moving average price of $5.29.
Hedge Funds Weigh In On Global Blue Group
A number of hedge funds have recently modified their holdings of the business. Independent Advisor Alliance purchased a new position in shares of Global Blue Group during the third quarter worth about $229,000. Atom Investors LP lifted its position in Global Blue Group by 20.2% during the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company's stock worth $410,000 after acquiring an additional 12,625 shares during the period. Sei Investments Co. grew its stake in shares of Global Blue Group by 8.6% in the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company's stock valued at $527,000 after purchasing an additional 8,646 shares during the last quarter. Scalar Gauge Management LLC grew its stake in shares of Global Blue Group by 21.0% in 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, Allspring Global Investments Holdings LLC increased its holdings in shares of Global Blue Group by 1,640.7% in 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 during the period. 89.66% of the stock is currently owned by hedge funds and other institutional investors.
About Global Blue Group
(
Get Free Report)
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).
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