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

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

GLBE has been the subject of several research reports. JMP Securities reissued a "market outperform" rating and issued a $64.00 price objective on shares of Global-e Online in a research report on Thursday, May 15th. Raymond James Financial lowered their price target on shares of Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Truist Financial started coverage on shares of Global-e Online in a research report on Monday, June 2nd. They issued a "sell" rating and a $31.00 price target for the company. 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. Finally, Needham & Company LLC reissued a "buy" rating and set a $40.00 target price on shares of Global-e Online in a research report on Thursday, May 15th.

Institutional Investors Weigh In On Global-e Online

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Global-e Online by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,032 shares of the company's stock valued at $3,982,000 after acquiring an additional 1,881 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of Global-e Online in the fourth quarter valued at about $214,000. Raymond James Financial Inc. acquired a new stake in shares of Global-e Online in the fourth quarter valued at about $2,868,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Global-e Online by 6.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,779 shares of the company's stock valued at $1,297,000 after purchasing an additional 1,529 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Global-e Online in the fourth quarter valued at about $216,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-e Online Trading Up 3.4%

Shares of GLBE traded up $1.11 during trading hours on Wednesday, reaching $33.30. 1,086,352 shares of the stock traded hands, compared to its average volume of 1,548,986. Global-e Online has a 52-week low of $26.64 and a 52-week high of $63.69. The company's 50-day moving average price is $33.33 and its two-hundred day moving average price is $40.96. The company has a market cap of $5.65 billion, a P/E ratio of -92.50, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The firm had revenue of $189.88 million for the quarter, compared to the consensus estimate of $187.84 million. Global-e Online had a negative net margin of 7.70% and a negative return on equity of 6.96%. The business's quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) EPS. On average, research analysts forecast 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.