Global Blue Group (NYSE:GB) Shares Gap Up – Should You Buy?

Global Blue Group Holding AG (NYSE:GB)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.67, but opened at $6.00. Global Blue Group shares last traded at $5.70, with a volume of 3,060 shares trading hands.

Wall Street Analyst Weigh In

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

Global Blue Group Stock Up 6.2 %

The stock’s 50-day moving average price is $5.50 and its 200-day moving average price is $5.17. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 27.00 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 Trading of Global Blue Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Atom Investors LP lifted its position in shares of Global Blue Group by 20.2% during the 3rd 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 during the last quarter. Scalar Gauge Management LLC lifted its stake 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 in the last quarter. Independent Advisor Alliance bought a new position in Global Blue Group in the 3rd quarter worth approximately $229,000. Sei Investments Co. grew its stake in 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 buying an additional 8,646 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position 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 in the last quarter. Hedge funds and other 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).