Global Blue Group (NYSE:GB) Shares Up 3.8% - Time to Buy?

Global Blue Group Holding AG (NYSE:GB - Get Free Report) shares were up 3.8% on Tuesday . The stock traded as high as $5.70 and last traded at $5.67. Approximately 11,327 shares were traded during trading, a decline of 67% from the average daily volume of 33,915 shares. The stock had previously closed at $5.46.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer assumed coverage on Global Blue Group in a research note on Thursday, October 24th. They set an "outperform" rating and a $6.00 target price on the stock.

Global Blue Group Price Performance

The stock has a market cap of $1.06 billion, a PE ratio of 39.00 and a beta of 0.42. The business has a fifty day simple moving average of $5.44 and a two-hundred day simple moving average of $5.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.92.

Global Blue Group (NYSE:GB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The company had revenue of $126.75 million during the quarter, compared to the consensus estimate of $127.42 million. Global Blue Group had a return on equity of 48.62% and a net margin of 7.32%. Research analysts forecast that Global Blue Group Holding AG will post 0.32 earnings per share for the current year.

Institutional Trading of Global Blue Group

A number of institutional investors and hedge funds have recently modified their holdings of GB. Independent Advisor Alliance bought a new position in Global Blue Group during the 3rd quarter valued at about $229,000. Atom Investors LP grew its position 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. Sei Investments Co. raised its stake in Global Blue Group by 8.6% during the 2nd quarter. Sei Investments Co. now owns 109,435 shares of the company's stock valued at $527,000 after buying an additional 8,646 shares during the last quarter. Scalar Gauge Management LLC lifted 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 buying an additional 50,100 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of 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 last quarter. 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.