Global-e Online Ltd. (NASDAQ:GLBE) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Global-e Online Ltd. has been rated as a "Moderate Buy" by thirteen research firms, with an average price target of $48.33 for the next year.
• The company's stock recently opened at $33.50 and has experienced significant volatility, with a 1-year low of $26.64 and a high of $63.69.
• In its latest earnings report, Global-e Online exceeded analysts' expectations, reporting $0.06 per share against estimates of $0.02, with a revenue of $214.88 million, up 27.9% year-over-year.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $48.3333.

GLBE has been the subject of a number of research reports. 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 increased their target price on Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a research note on Thursday, July 17th. 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. Benchmark lowered their target price on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Zacks Research raised Global-e Online to a "hold" rating in a research note on Friday, August 8th.

Global-e Online Trading Up 1.1%

Global-e Online stock opened at $33.50 on Thursday. Global-e Online has a 1 year low of $26.64 and a 1 year high of $63.69. The company has a market cap of $5.69 billion, a PE ratio of -197.06, a PEG ratio of 1.78 and a beta of 1.24. The company's 50-day moving average is $33.15 and its two-hundred day moving average is $35.10.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted 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 business had revenue of $214.88 million during the quarter, compared to analysts' expectations of $207.95 million. During the same period in the prior year, the business earned ($0.13) EPS. Global-e Online's revenue for the quarter 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. Research analysts forecast that Global-e Online will post 0.25 EPS for the current year.

Hedge Funds Weigh In On Global-e Online

Several hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC grew its stake in shares of Global-e Online by 17.7% during the 2nd quarter. Headlands Technologies LLC now owns 66,604 shares of the company's stock worth $2,234,000 after acquiring an additional 10,020 shares in the last quarter. Arohi Asset Management PTE Ltd. grew its stake in shares of Global-e Online by 91.0% during the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company's stock worth $94,680,000 after acquiring an additional 1,345,156 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company's stock worth $61,000 after acquiring an additional 1,616 shares in the last quarter. State of Tennessee Department of Treasury grew its stake in shares of Global-e Online by 46.8% during the 2nd quarter. State of Tennessee Department of Treasury now owns 3,975 shares of the company's stock worth $133,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of Global-e Online by 28.3% during the 2nd quarter. Vident Advisory LLC now owns 11,204 shares of the company's stock worth $376,000 after acquiring an additional 2,468 shares in the last quarter. 94.60% of the stock is owned by institutional investors.

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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