Global Blue Group (NYSE:GB) Sees Large Volume Increase – Still a Buy?

Global Blue Group Holding AG (NYSE:GB) shares saw strong trading volume on Thursday . 965,159 shares were traded during mid-day trading, an increase of 159% from the previous session’s volume of 372,292 shares.The stock last traded at $7.32 and had previously closed at $7.32.

Analyst Upgrades and Downgrades

Separately, Oppenheimer started coverage on shares of 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 Down 0.2 %

The stock has a market capitalization of $1.46 billion, a P/E ratio of 34.83 and a beta of 0.41. 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 stock’s 50-day moving average price is $6.95 and its two-hundred day moving average price is $5.91.

Global Blue Group (NYSE:GB) last posted its earnings results on Friday, November 22nd. The company reported $0.10 earnings per share (EPS) 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 in the previous year, the firm posted $0.08 EPS. As a group, research analysts expect that Global Blue Group Holding AG will post 0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Blue Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Orion Portfolio Solutions LLC bought a new position in shares of Global Blue Group during the 4th quarter valued at $73,000. Wells Fargo & Company MN bought a new position in shares of Global Blue Group during the 4th quarter valued at $79,000. XTX Topco Ltd bought a new position in shares of Global Blue Group during the 4th quarter valued at $87,000. Independent Advisor Alliance bought a new position in shares of Global Blue Group during the 3rd quarter valued at $229,000. Finally, Renaissance Technologies LLC grew its holdings in Global Blue Group by 74.8% in the 4th quarter. Renaissance Technologies LLC now owns 45,800 shares of the company’s stock worth $317,000 after acquiring an additional 19,600 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).