Global Blue Group (NYSE:GB) Reaches New 12-Month High – Should You Buy?

Shares of Global Blue Group Holding AG (NYSE:GB) hit a new 52-week high during trading on Monday . The company 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.

Wall Street Analyst Weigh In

Separately, Oppenheimer assumed 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 for the company.

Global Blue Group Trading Up 3.2 %

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 has a market capitalization of $1.59 billion, a PE ratio of 37.95 and a beta of 0.44. The stock has a 50 day moving average price of $6.11 and a 200-day moving average price of $5.47.

Institutional Investors Weigh In On Global Blue Group

A number of large investors have recently made changes to their positions in GB. Sei Investments Co. lifted its stake 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 worth $527,000 after purchasing an additional 8,646 shares during the period. Atom Investors LP increased its holdings in Global Blue Group by 20.2% during the third 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. Independent Advisor Alliance bought a new position in Global Blue Group in the third quarter worth approximately $229,000. Finally, Scalar Gauge Management LLC boosted 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 worth $1,581,000 after acquiring an additional 50,100 shares during the last quarter. 89.66% of the stock is currently 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).