Shares of Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) have been given an average rating of "Moderate Buy" by the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $48.0769.
Several research analysts recently issued reports on GLBE shares. 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 report on Thursday, May 15th. Wells Fargo & Company dropped their target price on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. KeyCorp dropped their target price on shares of Global-e Online from $60.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Truist Financial boosted their target price on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, July 17th. Finally, Piper Sandler restated an "overweight" rating and issued a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 14th.
View Our Latest Research Report on Global-e Online
Global-e Online Price Performance
NASDAQ GLBE traded down $2.72 on Friday, reaching $31.25. The company had a trading volume of 5,148,117 shares, compared to its average volume of 1,903,795. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of -86.69, a P/E/G ratio of 1.95 and a beta of 1.24. Global-e Online has a fifty-two week low of $26.64 and a fifty-two week high of $63.69. The business has a 50 day moving average of $33.24 and a two-hundred day moving average of $38.04.
Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (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 analyst estimates of $207.95 million. Global-e Online had a negative return on equity of 6.96% and a negative net margin of 7.70%. Global-e Online's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the company earned ($0.13) EPS. As a group, research analysts predict that Global-e Online will post 0.25 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Global-e Online
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Berbice Capital Management LLC bought a new stake in Global-e Online in the first quarter valued at $36,000. Assetmark Inc. bought a new stake in shares of Global-e Online during the first quarter worth about $45,000. Geneos Wealth Management Inc. increased its position in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after acquiring an additional 528 shares in the last quarter. Virtus Advisers LLC bought a new stake in shares of Global-e Online during the second quarter worth about $47,000. Finally, Pacer Advisors Inc. increased its position in shares of Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock worth $50,000 after acquiring an additional 488 shares in the last quarter. 94.60% of the stock is owned by institutional investors.
About Global-e Online
(
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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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