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

Key Points

• Global-e Online Ltd. has received a consensus rating of "Moderate Buy" from analysts, with eleven buy recommendations and two sell ratings from fourteen rating firms.
• The company's shares opened at $34.45 and have seen a price target increase from Goldman Sachs from $39.00 to $44.00.
• Global-e Online has launched a $200 million share buyback plan, indicating management's belief that the stock is undervalued.

Shares of Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $48.0833.

Several brokerages recently issued reports on GLBE. Zacks Research raised shares of Global-e Online to a "hold" rating in a report on Friday, August 8th. The Goldman Sachs Group increased their price target on Global-e Online from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Truist Financial boosted their price objective on Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, July 17th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Global-e Online in a research note on Wednesday, October 8th.

Global-e Online Stock Up 1.1%

Global-e Online stock opened at $34.45 on Friday. The stock has a 50-day moving average price of $34.70 and a 200 day moving average price of $33.97. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of -202.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25. Global-e Online has a 52 week low of $26.64 and a 52 week high of $63.69.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $214.88 million for the quarter, compared to the consensus estimate of $207.95 million. During the same quarter in the prior year, the company earned ($0.13) EPS. Global-e Online's quarterly 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. Research analysts anticipate that Global-e Online will post 0.25 EPS for the current fiscal year.

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

Institutional Investors Weigh In On Global-e Online

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dragoneer Investment Group LLC lifted its stake in shares of Global-e Online by 20.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 10,056,015 shares of the company's stock valued at $337,279,000 after purchasing an additional 1,708,655 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Global-e Online by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,769,843 shares of the company's stock worth $170,045,000 after acquiring an additional 308,218 shares during the period. Marshall Wace LLP boosted its stake 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 acquiring an additional 2,359,435 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Global-e Online by 27.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,617,284 shares of the company's stock valued at $121,324,000 after acquiring an additional 770,028 shares during the period. Finally, Wasatch Advisors LP increased its stake in shares of Global-e Online by 231.8% in the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company's stock valued at $114,847,000 after purchasing an additional 2,392,124 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.

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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