29,620 Shares in Global-e Online Ltd. $GLBE Acquired by Scientech Research LLC

Key Points

• Scientech Research LLC has acquired 29,620 shares of Global-e Online Ltd. for approximately $1,056,000, indicating increased institutional interest in the company.
• Global-e Online reported earnings of $0.06 per share for the last quarter, exceeding analysts' expectations, with revenues up by 27.9% year-over-year, totaling $214.88 million.
• The board has authorized a $200 million share buyback plan, signaling confidence in the company's valuation amidst a market capitalization of $6.07 billion.

Scientech Research LLC bought a new stake in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,620 shares of the company's stock, valued at approximately $1,056,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Petrus Trust Company LTA boosted its holdings in shares of 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 buying an additional 6,586 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Global-e Online by 17.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company's stock worth $1,948,000 after acquiring an additional 8,239 shares in the last quarter. Amundi grew its holdings in Global-e Online by 5.7% in the first 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. Ampersand Capital Group L.P. increased its stake in Global-e Online by 27.5% in the first quarter. Ampersand Capital Group L.P. now owns 683,265 shares of the company's stock valued at $24,358,000 after purchasing an additional 147,368 shares in the last quarter. Finally, Contour Asset Management LLC raised 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 period. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Stock Down 1.3%

Shares of GLBE stock traded down $0.48 on Friday, reaching $36.17. The company's stock had a trading volume of 240,052 shares, compared to its average volume of 1,878,627. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69. The company has a market capitalization of $6.14 billion, a P/E ratio of -212.71, a PEG ratio of 1.95 and a beta of 1.24. The stock's 50 day simple moving average is $33.55 and its 200-day simple moving average is $34.45.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $214.88 million during the quarter, compared to analysts' expectations of $207.95 million. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The firm's revenue was up 27.9% on a year-over-year basis. During the same period in the previous 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. Research analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current year.

Global-e Online announced that its board has authorized a share buyback plan on Thursday, September 4th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

GLBE has been the subject of a number of research analyst reports. Truist Financial boosted their target price on 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 note on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and set a $40.00 target price on shares of Global-e Online in a research report on Thursday, May 15th. Raymond James Financial reduced their target price on Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Finally, JMP Securities reissued a "market outperform" rating and issued a $64.00 price target on shares of Global-e Online in a research report on Thursday, May 15th. Eleven research 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.33.

Global-e Online 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.