Shares of Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $48.08.
Several equities research analysts have recently commented on GLBE shares. Truist Financial raised their target price on shares of Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a research report on Thursday. JMP Securities reissued a "market outperform" rating and set a $64.00 price target on shares of Global-e Online in a research report on Thursday, May 15th. Raymond James Financial reduced their price objective on Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Piper Sandler restated an "overweight" rating and issued a $42.00 target price on shares of Global-e Online in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group lowered their price objective on Global-e Online from $59.00 to $47.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd.
Read Our Latest Report on Global-e Online
Global-e Online Stock Performance
Shares of NASDAQ:GLBE traded down $0.13 during trading hours on Wednesday, hitting $33.45. The stock had a trading volume of 2,344,709 shares, compared to its average volume of 1,563,637. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of -92.92, a PEG ratio of 1.99 and a beta of 1.25. Global-e Online has a 1-year low of $26.64 and a 1-year high of $63.69. The stock's fifty day simple moving average is $33.08 and its 200 day simple moving average is $40.62.
Global-e Online (NASDAQ:GLBE - Get Free Report) last announced 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 company had revenue of $189.88 million during 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 company's revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share. As a group, research analysts anticipate that Global-e Online will post 0.25 EPS for the current year.
Institutional Trading of Global-e Online
Institutional investors have recently modified their holdings of the company. Berbice Capital Management LLC acquired a new position in shares of Global-e Online during the 1st quarter valued at about $36,000. Assetmark Inc. purchased a new stake in shares of Global-e Online during the first quarter worth approximately $45,000. Geneos Wealth Management Inc. grew its holdings in Global-e Online by 67.2% in 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 last quarter. Pacer Advisors Inc. boosted its stake in shares of 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 acquiring an additional 488 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Global-e Online in the 1st quarter worth about $68,000. 94.60% of the stock is currently owned by institutional investors.
About Global-e Online
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Get Free ReportGlobal-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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