Global Blue Group (NYSE:GB) Stock Price Up 3.5% – Here’s Why

Global Blue Group Holding AG (NYSE:GBGet Free Report)’s share price rose 3.5% during mid-day trading on Monday . The company traded as high as $6.43 and last traded at $6.43. Approximately 3,297 shares traded hands during trading, a decline of 91% from the average daily volume of 36,110 shares. The stock had previously closed at $6.21.

Analyst Ratings Changes

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 target on the stock.

Read Our Latest Stock Report on GB

Global Blue Group Price Performance

The stock has a market capitalization of $1.27 billion, a PE ratio of 30.24 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. The stock’s 50-day moving average is $5.70 and its 200 day moving average is $5.28.

Institutional Investors Weigh In On Global Blue Group

Several institutional investors have recently made changes to their positions in GB. Atom Investors LP grew its position in Global Blue Group by 20.2% in the third quarter. Atom Investors LP now owns 75,001 shares of the company’s stock worth $410,000 after acquiring an additional 12,625 shares in the last quarter. 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 in the last quarter. Independent Advisor Alliance bought a new position in shares of Global Blue Group in the 3rd quarter valued at approximately $229,000. Sei Investments Co. raised its position in shares of Global Blue Group by 8.6% in the second quarter. Sei Investments Co. now owns 109,435 shares of the company’s stock valued at $527,000 after purchasing an additional 8,646 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Global Blue Group by 1,640.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,061,307 shares of the company’s stock worth $24,395,000 after acquiring an additional 4,770,550 shares during the period. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Global Blue Group Company Profile

(Get Free Report)

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).

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