Global-e Online Ltd. (NASDAQ:GLBE) Receives Consensus Rating of "Moderate Buy" from Analysts

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 given an average rating of "Moderate Buy" by the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $48.3333.

A number of research firms recently commented on GLBE. 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price target on shares of Global-e Online in a research note on Thursday, May 15th. JMP Securities reaffirmed a "market outperform" rating and issued a $64.00 price target on shares of Global-e Online in a research note on Thursday, May 15th. Benchmark reduced their price target on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Zacks Research raised shares of Global-e Online to a "hold" rating in a report on Friday, August 8th.

Global-e Online Trading Down 1.7%

GLBE traded down $0.62 during trading on Thursday, reaching $35.16. 212,034 shares of the company were exchanged, compared to its average volume of 1,878,689. Global-e Online has a 52 week low of $26.64 and a 52 week high of $63.69. The stock has a market cap of $5.97 billion, a P/E ratio of -206.63, a PEG ratio of 1.91 and a beta of 1.24. The firm has a 50 day moving average of $33.26 and a 200 day moving average of $34.53.

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, beating analysts' consensus estimates of $0.02 by $0.04. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The firm had revenue of $214.88 million during the quarter, compared to analyst estimates of $207.95 million. During the same period in the previous year, the business posted ($0.13) EPS. Global-e Online's revenue was up 27.9% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that Global-e Online will post 0.25 earnings per share for the current fiscal year.

Global-e Online declared that its Board of Directors has approved a share buyback plan on Thursday, September 4th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Global-e Online

A number of hedge funds have recently made changes to their positions in the business. Fred Alger Management LLC increased its position in shares of Global-e Online by 204.6% during the 4th quarter. Fred Alger Management LLC now owns 4,239,470 shares of the company's stock worth $231,178,000 after purchasing an additional 2,847,868 shares in the last quarter. North Peak Capital Management LLC acquired a new stake in Global-e Online in the 2nd quarter valued at about $88,481,000. Wasatch Advisors LP grew its position in shares of Global-e Online by 231.8% during the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company's stock worth $114,847,000 after buying an additional 2,392,124 shares during the period. Marshall Wace LLP grew its position in shares of Global-e Online by 182.0% during the 2nd quarter. Marshall Wace LLP now owns 3,656,115 shares of the company's stock worth $122,626,000 after buying an additional 2,359,435 shares during the period. Finally, Dragoneer Investment Group LLC grew its position in shares of Global-e Online by 20.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 10,056,015 shares of the company's stock worth $337,279,000 after buying an additional 1,708,655 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.

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.