Scientech Research LLC Takes $1.06 Million Position in Global-e Online Ltd. $GLBE

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 position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,620 shares of the company's stock, valued at approximately $1,056,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in Global-e Online during the first quarter worth $1,165,000. Sphera Management Technology Funds Ltd acquired a new position in Global-e Online during the fourth quarter worth $1,636,000. Ethic Inc. acquired a new position in Global-e Online during the fourth quarter worth $428,000. Noked Israel Ltd raised its stake in Global-e Online by 68.5% during the fourth quarter. Noked Israel Ltd now owns 252,818 shares of the company's stock worth $13,786,000 after acquiring an additional 102,818 shares in the last quarter. Finally, Barton Investment Management raised its stake in Global-e Online by 3.4% during the first quarter. Barton Investment Management now owns 1,036,767 shares of the company's stock worth $36,961,000 after acquiring an additional 34,080 shares in the last quarter. 94.60% of the stock is owned by institutional investors.

Global-e Online Stock Performance

GLBE traded up $0.03 during midday trading on Thursday, reaching $36.65. 1,167,613 shares of the company were exchanged, compared to its average volume of 1,886,879. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The stock has a market capitalization of $6.22 billion, a P/E ratio of -215.59, a PEG ratio of 1.99 and a beta of 1.24. The stock's 50-day simple moving average is $33.48 and its 200 day simple moving average is $34.50.

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, topping analysts' consensus estimates of $0.02 by $0.04. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The firm had revenue of $214.88 million for the quarter, compared to analysts' expectations of $207.95 million. During the same quarter last year, the business earned ($0.13) earnings per share. The company's revenue was up 27.9% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online declared that its Board of Directors has initiated a share buyback program on Thursday, September 4th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes 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 management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GLBE shares. Wells Fargo & Company lowered their target price on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. Zacks Research upgraded Global-e Online to a "hold" rating in a research note on Friday, August 8th. Raymond James Financial lowered their target price on Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Truist Financial raised their target price on Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research note on Thursday, July 17th. Finally, Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of Global-e Online in a research note on Thursday, May 15th. Eleven 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 company. Based on data from MarketBeat, Global-e Online currently has an average rating of "Moderate Buy" and a consensus price target of $48.33.

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.