Global Blue Group (NYSE:GB) Sees Strong Trading Volume – Still a Buy?

Global Blue Group Holding AG (NYSE:GB) shares saw strong trading volume on Friday . 130,912 shares were traded during trading, an increase of 276% from the previous session’s volume of 34,833 shares.The stock last traded at $5.93 and had previously closed at $6.25.

Wall Street Analyst Weigh In

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

Global Blue Group Trading Down 4.6 %

The business’s 50 day moving average price is $5.46 and its two-hundred day moving average price is $5.12. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 42.57 and a beta of 0.42.

Global Blue Group (NYSE:GB) last released its earnings results on Wednesday, August 28th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $126.75 million during the quarter, compared to analyst estimates of $127.42 million. Global Blue Group had a return on equity of 48.62% and a net margin of 7.32%. Equities analysts forecast that Global Blue Group Holding AG will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Global Blue Group

Several institutional investors have recently modified their holdings of GB. Independent Advisor Alliance acquired a new stake in Global Blue Group during the 3rd quarter worth about $229,000. Atom Investors LP lifted its holdings 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 buying an additional 12,625 shares during the last quarter. Sei Investments Co. raised its position in Global Blue Group by 4.1% during the first quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after acquiring an additional 4,000 shares in the last quarter. Scalar Gauge Management LLC grew its position in 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 acquiring an additional 50,100 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Global Blue Group by 1,640.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock valued at $24,395,000 after purchasing an additional 4,770,550 shares in the last quarter. Institutional investors and hedge funds 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).