Global Blue Group (NYSE:GB) Reaches New 52-Week High – Still a Buy?

Global Blue Group Holding AG (NYSE:GB) shares hit a new 52-week high on Thursday . The company traded as high as $6.01 and last traded at $5.96, with a volume of 42067 shares trading hands. The stock had previously closed at $5.57.

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 target for the company.

Global Blue Group Trading Up 12.2 %

The firm has a market capitalization of $1.19 billion, a P/E ratio of 39.79 and a beta of 0.42. The firm has a 50-day moving average of $5.45 and a 200-day moving average of $5.11. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98.

Global Blue Group (NYSE:GB) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $126.75 million for the quarter, compared to analysts’ expectations of $127.42 million. Global Blue Group had a net margin of 7.32% and a return on equity of 48.62%. On average, equities research analysts anticipate that Global Blue Group Holding AG will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Global Blue Group

A number of hedge funds have recently bought and sold shares of GB. Allspring Global Investments Holdings LLC boosted its position in 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 worth $24,395,000 after purchasing an additional 4,770,550 shares during the last quarter. Scalar Gauge Management LLC boosted its holdings 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. Independent Advisor Alliance bought a new stake in Global Blue Group during the third quarter valued at approximately $229,000. Atom Investors LP boosted its stake 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 worth $410,000 after acquiring an additional 12,625 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Global Blue Group by 8.6% during 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 period. Hedge funds and other 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).