Bayforest Capital Ltd Takes $611,000 Position in Global-e Online Ltd. $GLBE

Key Points

• Bayforest Capital Ltd has made a new investment of approximately $611,000 in Global-e Online Ltd. by acquiring 17,152 shares during the first quarter.
• Global-e Online recently reported a 27.9% year-over-year revenue growth with earnings per share (EPS) of $0.06, exceeding estimates by $0.04.
• The company has initiated a $200 million stock buyback program, indicating confidence from the Board of Directors in its stock value.

Bayforest Capital Ltd acquired a new position in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,152 shares of the company's stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Prostatis Group LLC purchased a new stake in Global-e Online during the 1st quarter worth $363,000. Goldman Sachs Group Inc. boosted its position in Global-e Online by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,769,843 shares of the company's stock worth $170,045,000 after purchasing an additional 308,218 shares during the period. Scientech Research LLC purchased a new stake in Global-e Online during the 1st quarter worth $1,056,000. Petrus Trust Company LTA boosted its position in Global-e Online by 106.0% during the 1st quarter. Petrus Trust Company LTA now owns 12,800 shares of the company's stock worth $456,000 after purchasing an additional 6,586 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Global-e Online by 17.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company's stock worth $1,948,000 after purchasing an additional 8,239 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on GLBE. Truist Financial upped their price objective on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research report on Thursday, July 17th. Zacks Research raised shares of Global-e Online to a "hold" rating in a research report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Global-e Online has a consensus rating of "Moderate Buy" and a consensus price target of $48.33.

Global-e Online Stock Performance

Shares of GLBE stock traded up $0.46 during trading hours on Monday, hitting $36.14. 443,151 shares of the company were exchanged, compared to its average volume of 1,874,495. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The business's 50-day simple moving average is $33.59 and its two-hundred day simple moving average is $34.27. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of -212.75, a P/E/G ratio of 1.90 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $214.88 million for the quarter, compared to analyst estimates of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. Global-e Online's quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Global-e Online announced that its board has authorized a stock repurchase program on Thursday, September 4th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to buy up to 3.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Global-e Online Company Profile

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.