Global-E Online Ltd. (NASDAQ:GLBE) Receives Average Rating of "Buy" from Analysts

Global-E Online Ltd. (NASDAQ:GLBE - Get Free Report) has been assigned an average rating of "Buy" from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $51.33.

A number of analysts recently weighed in on GLBE shares. Benchmark cut their target price on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. UBS Group decreased their price objective on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Friday, February 21st. KeyCorp dropped their target price on Global-E Online from $60.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group decreased their price target on Global-E Online from $59.00 to $47.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company dropped their price objective on Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th.

Hedge Funds Weigh In On Global-E Online

A number of institutional investors have recently modified their holdings of GLBE. TD Asset Management Inc grew its position in Global-E Online by 51.5% during the 1st quarter. TD Asset Management Inc now owns 79,837 shares of the company's stock worth $2,846,000 after purchasing an additional 27,137 shares during the last quarter. Phoenix Financial Ltd. acquired a new stake in Global-E Online during the 1st quarter worth approximately $4,716,000. Pacer Advisors Inc. grew its stake in shares of Global-E Online by 52.9% in the 1st 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 last quarter. Assetmark Inc. acquired a new position in shares of Global-E Online in the first quarter valued at approximately $45,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Global-E Online during the first quarter worth approximately $1,165,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-E Online Price Performance

Shares of NASDAQ GLBE traded up $0.80 during midday trading on Friday, hitting $37.31. The company's stock had a trading volume of 1,046,593 shares, compared to its average volume of 1,401,136. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of -84.80, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36. The business's fifty day simple moving average is $35.62 and its two-hundred day simple moving average is $45.81. Global-E Online has a 1 year low of $26.64 and a 1 year high of $63.69.

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