Bayforest Capital Ltd Makes New $611,000 Investment 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 Global-e Online Ltd. (NASDAQ:GLBE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,152 shares of the company's stock, valued at approximately $611,000.

Several other large investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Global-e Online by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,769,843 shares of the company's stock valued at $170,045,000 after purchasing an additional 308,218 shares during the last quarter. Contour Asset Management LLC lifted its holdings in shares of Global-e Online by 17.8% during the first quarter. Contour Asset Management LLC now owns 3,119,286 shares of the company's stock valued at $111,203,000 after purchasing an additional 472,380 shares during the last quarter. Spyglass Capital Management LLC lifted its holdings in shares of Global-e Online by 6.8% during the fourth quarter. Spyglass Capital Management LLC now owns 1,487,335 shares of the company's stock valued at $81,104,000 after purchasing an additional 94,664 shares during the last quarter. Arohi Asset Management PTE Ltd. increased its position in shares of Global-e Online by 130.5% during the first quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company's stock valued at $52,681,000 after acquiring an additional 836,522 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Global-e Online by 33,950.1% during the first quarter. Jennison Associates LLC now owns 1,418,526 shares of the company's stock valued at $50,570,000 after acquiring an additional 1,414,360 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GLBE. Truist Financial raised their price target 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 upgraded Global-e Online to a "hold" rating in a research report on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price objective on shares of Global-e Online in a report on Thursday, May 15th. Piper Sandler reiterated an "overweight" rating and issued a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company cut their price objective on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.33.

Global-e Online Stock Up 2.7%

GLBE opened at $37.29 on Wednesday. The firm has a 50-day simple moving average of $33.40 and a two-hundred day simple moving average of $34.49. Global-e Online Ltd. has a 52 week low of $26.64 and a 52 week high of $63.69. The company has a market capitalization of $6.33 billion, a PE ratio of -219.35, a price-to-earnings-growth ratio of 1.94 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 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $214.88 million during the quarter, compared to the consensus estimate of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The business's revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online announced that its Board of Directors has initiated a stock buyback program on Thursday, September 4th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

About Global-e Online

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.

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