Global Blue Group (NYSE:GB) Hits New 1-Year High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Separately, Oppenheimer started coverage on Global Blue Group in a research note 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 market cap of $1.59 billion, a P/E ratio of 37.95 and a beta of 0.44. 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’s 50 day moving average is $6.11 and its 200-day moving average is $5.47.

Institutional Investors Weigh In On Global Blue Group

A number of institutional investors have recently made changes to their positions in the company. Sei Investments Co. raised its holdings in 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 acquiring an additional 8,646 shares during the last quarter. Atom Investors LP raised its stake in shares of 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 purchasing an additional 12,625 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of Global Blue Group during the third quarter valued at $229,000. Finally, Scalar Gauge Management LLC boosted its position in shares of Global Blue Group by 21.0% during the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock valued at $1,581,000 after buying an additional 50,100 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

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).