Global Blue Group (NYSE:GB) Hits New 12-Month High – Time to Buy?

Global Blue Group Holding AG (NYSE:GB)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $7.75 and last traded at $7.69, with a volume of 14535 shares. The stock had previously closed at $7.65.

Analyst Ratings Changes

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

Global Blue Group Stock Performance

The firm has a 50 day moving average price of $6.02 and a 200-day moving average price of $5.43. The stock has a market capitalization of $1.53 billion, a PE ratio of 36.52 and a beta of 0.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30.

Hedge Funds Weigh In On Global Blue Group

Institutional investors have recently bought and sold shares of the business. Sei Investments Co. boosted its holdings in shares of 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 acquiring an additional 8,646 shares during the last quarter. Independent Advisor Alliance purchased a new stake in Global Blue Group in the third quarter valued at $229,000. Scalar Gauge Management LLC grew its position in Global Blue Group by 21.0% during the 3rd quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after purchasing an additional 50,100 shares during the period. Finally, Atom Investors LP grew its position in Global Blue Group by 20.2% during 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. 89.66% of the stock is owned by hedge funds and other institutional investors.

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).