Global Blue Group Reaches New 1-Year High – Here’s What Happened

Global Blue Group Holding AG (NYSE:GB) achieved a new 52-week high during trading on Tuesday, climbing as high as $6.50 before closing at the same price. During this trading session, a total of 12,149 shares were exchanged, indicating a growing interest in the stock, which had previously closed at $6.45.

Analyst Ratings Changes

In a recent report dated October 24th, Oppenheimer initiated coverage for Global Blue Group. The firm assigned an "outperform" rating along with a target price of $6.00 for the stock. This suggests optimism regarding the company's future performance in the market.

Global Blue Group Trading Up 3.1%

The company has shown significant metrics, including a debt-to-equity ratio of 5.30 along with a current and quick ratio of 1.00. Its fifty-day moving average stands at $5.78, while the 200-day moving average is at $5.31. The stock currently holds a market capitalization of $1.33 billion, a price-to-earnings ratio of 31.67, and a beta of 0.44, highlighting its stability in a fluctuating market.

Institutional Trading of Global Blue Group

Recently, large institutional investors have actively adjusted their positions in Global Blue Group. Independent Advisor Alliance entered the market with a stake valued at approximately $229,000 in the third quarter. Additionally, Atom Investors LP increased its stake by 20.2%, bringing its total shares to 75,001, worth $410,000 after buying 12,625 additional shares. Sei Investments Co. also raised its position by 8.6% in the second quarter, now owning 109,435 shares valued at $527,000 after an increase of 8,646 shares.

Scalar Gauge Management LLC boosted its stake by 21.0% in the third quarter, obtaining a total of 288,983 shares worth about $1,581,000. Notably, Allspring Global Investments Holdings LLC enhanced its holdings dramatically by 1,640.7% during the second quarter, amassing 5,061,307 shares valued at roughly $24,395,000. Presently, institutional investors hold 89.66% of Global Blue Group’s stock, reflecting strong investor confidence.

About Global Blue Group

Global Blue Group Holding AG, along with its subsidiaries, specializes in technology-driven transaction services for various stakeholders, including merchants, banks, acquirers, governments, and travelers across Europe, the Asia Pacific, and globally. The company operates through three core segments: Tax-Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).

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