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

Shares of Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $48.00.

Several research firms have recently commented on GLBE. Piper Sandler reissued an "overweight" rating and set a $42.00 target price on shares of Global-e Online in a research report on Wednesday, May 14th. Truist Financial initiated coverage on Global-e Online in a report on Monday, June 2nd. They set a "sell" rating and a $31.00 price objective for the company. Benchmark decreased their price target on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company decreased their price target on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $64.00 target price on shares of Global-e Online in a research note on Thursday, May 15th.

Hedge Funds Weigh In On Global-e Online

Several institutional investors have recently added to or reduced their stakes in GLBE. Berbice Capital Management LLC bought a new position in shares of Global-e Online during the 1st quarter valued at approximately $36,000. Assetmark Inc. bought a new position in Global-e Online during the first quarter valued at $45,000. Geneos Wealth Management Inc. grew its holdings in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock valued at $47,000 after purchasing an additional 528 shares during the period. Pacer Advisors Inc. grew its holdings in Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock valued at $50,000 after purchasing an additional 488 shares during the period. Finally, Arcadia Investment Management Corp MI bought a new position in Global-e Online during the fourth quarter valued at $59,000. Institutional investors own 94.60% of the company's stock.

Global-e Online Price Performance

Shares of Global-e Online stock opened at $31.21 on Friday. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of -86.69, a PEG ratio of 1.87 and a beta of 1.26. Global-e Online has a one year low of $26.64 and a one year high of $63.69. The business has a 50-day simple moving average of $33.89 and a 200 day simple moving average of $43.64.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.02. The firm had revenue of $189.88 million during the quarter, compared to the consensus estimate of $187.84 million. Global-e Online had a negative return on equity of 6.96% and a negative net margin of 7.70%. The company's quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.19) earnings per share. On average, sell-side analysts expect that Global-e Online will post 0.25 EPS for the current year.

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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