Global Blue Group (NYSE:GB) Trading Up 6% – Time to Buy?

Shares of Global Blue Group Holding AG (NYSE:GB) were up 6% during mid-day trading on Monday . The company traded as high as $6.74 and last traded at $6.86. Approximately 4,251 shares changed hands during trading, a decline of 95% from the average daily volume of 86,948 shares. The stock had previously closed at $6.47.

Analyst Ratings Changes

Separately, Oppenheimer began coverage on shares of Global Blue Group in a research note on Thursday, October 24th. They issued an “outperform” rating and a $6.00 price objective for the company.

Global Blue Group Price Performance

The stock has a market capitalization of $1.31 billion, a PE ratio of 31.14 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 company’s 50 day simple moving average is $6.87 and its 200 day simple moving average is $5.84.

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 analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.08 earnings per share. On average, equities analysts anticipate that Global Blue Group Holding AG will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Global Blue Group

Several institutional investors have recently made changes to their positions in the stock. Independent Advisor Alliance acquired a new stake in Global Blue Group in the 3rd quarter valued at approximately $229,000. 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 acquiring an additional 12,625 shares during the last quarter. Scalar Gauge Management LLC boosted its position 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 period. Finally, WCM Investment Management LLC increased its position in shares of Global Blue Group by 3.0% in the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock worth $13,437,000 after acquiring an additional 57,889 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

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).