Global-E Online Ltd. (NASDAQ:GLBE) Receives $57.00 Average PT from Analysts

Global-E Online Ltd. (NASDAQ:GLBE - Get Free Report) has earned a consensus recommendation of "Buy" from the twelve research firms that are covering the firm, MarketBeat reports. Twelve analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $57.00.

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $64.00 target price on shares of Global-E Online in a research note on Wednesday, March 12th. Morgan Stanley upgraded shares of Global-E Online from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $55.00 to $46.00 in a report on Wednesday, March 26th. Piper Sandler upped their target price on shares of Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. The Goldman Sachs Group dropped their price target on Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, KeyCorp upped their price objective on Global-E Online from $55.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th.

Global-E Online Price Performance

Shares of NASDAQ GLBE traded down $0.49 during midday trading on Monday, reaching $33.71. 2,955,026 shares of the stock were exchanged, compared to its average volume of 1,360,607. Global-E Online has a 12 month low of $26.64 and a 12 month high of $63.69. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of -76.61, a P/E/G ratio of 4.61 and a beta of 1.36. The business has a 50-day simple moving average of $42.65 and a two-hundred day simple moving average of $46.22.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The firm had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same period in the previous year, the company posted $0.22 earnings per share. The company's revenue for the quarter was up 41.8% on a year-over-year basis. Equities research analysts expect that Global-E Online will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GLBE. Fifth Third Bancorp boosted its holdings in shares of Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after buying an additional 197 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Global-E Online by 1,968.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock valued at $43,000 after acquiring an additional 748 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Global-E Online in the fourth quarter valued at $59,000. Whipplewood Advisors LLC bought a new position in shares of Global-E Online in the 4th quarter valued at about $65,000. Finally, Quarry LP increased its stake in shares of Global-E Online by 226.1% during the 3rd quarter. Quarry LP now owns 2,286 shares of the company's stock worth $88,000 after purchasing an additional 1,585 shares during the last quarter. 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.