Global Blue Group (NYSE:GB) Shares Up 3.5% - Still a Buy?

Global Blue Group Holding AG (NYSE:GB - Get Free Report)'s share price shot up 3.5% during mid-day trading on Monday . The stock traded as high as $6.43 and last traded at $6.43. 3,297 shares were traded during mid-day trading, a decline of 91% from the average session volume of 36,110 shares. The stock had previously closed at $6.21.

Analyst Ratings Changes

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 Stock Up 3.9 %

The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 30.71 and a beta of 0.44. The business's 50 day simple moving average is $5.70 and its 200-day simple moving average is $5.28.

Institutional Investors Weigh In On Global Blue Group

Several large investors have recently made changes to their positions in GB. Independent Advisor Alliance acquired a new position in shares of Global Blue Group during the 3rd quarter valued at about $229,000. Atom Investors LP grew its holdings in Global Blue Group by 20.2% during the third quarter. Atom Investors LP now owns 75,001 shares of the company's stock valued at $410,000 after purchasing an additional 12,625 shares during the last quarter. Sei Investments Co. raised its position 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 valued at $527,000 after purchasing an additional 8,646 shares during the period. Scalar Gauge Management LLC lifted its stake in shares of Global Blue Group by 21.0% in the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company's stock worth $1,581,000 after buying an additional 50,100 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in 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 valued at $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.

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).