Prostatis Group LLC Takes $363,000 Position in Global-e Online Ltd. $GLBE

Key Points

• Prostatis Group LLC has acquired a new position in Global-e Online Ltd. (NASDAQ: GLBE), purchasing 10,170 shares valued at approximately $363,000 in the first quarter.
• Global-e Online reported a 27.9% increase in revenue year-over-year, reaching $214.88 million, and exceeded analysts' expectations for earnings per share in its latest quarterly earnings report.
• The company's board has initiated a $200 million share buyback plan, signaling a belief that their stock is currently undervalued.

Prostatis Group LLC acquired a new position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,170 shares of the company's stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Global-e Online by 6.9% in 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 acquired a new position in Global-e Online in the 1st quarter worth approximately $1,056,000. Petrus Trust Company LTA boosted its stake in Global-e Online by 106.0% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Global-e Online by 17.8% in 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. Finally, Amundi boosted its stake in Global-e Online by 5.7% in the 1st quarter. Amundi now owns 833,265 shares of the company's stock worth $29,706,000 after purchasing an additional 44,723 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.

Wall Street Analyst Weigh In

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

Global-e Online Stock Down 2.6%

Shares of NASDAQ:GLBE traded down $0.97 during trading on Friday, reaching $35.68. 989,362 shares of the company traded hands, compared to its average volume of 1,486,006. The firm has a fifty day simple moving average of $33.59 and a 200 day simple moving average of $34.27. The firm has a market cap of $6.06 billion, a P/E ratio of -209.88, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The company had revenue of $214.88 million during 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%. The company's revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current year.

Global-e Online declared that its board has authorized a share repurchase plan on Thursday, September 4th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management 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.