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

Global-E Online Ltd. (NASDAQ:GLBE - Get Free Report) has been given a consensus rating of "Buy" by the twelve analysts that are currently covering the company, Marketbeat reports. Twelve analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $49.42.

GLBE has been the subject of several research analyst reports. Raymond James dropped their price objective 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. The Goldman Sachs Group cut their target price on shares of Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Piper Sandler reiterated an "overweight" rating and set a $42.00 price objective on shares of Global-E Online in a report on Wednesday, May 14th. JMP Securities reiterated a "market outperform" rating and set a $64.00 target price on shares of Global-E Online in a report on Thursday, May 15th. Finally, Morgan Stanley raised shares of Global-E Online from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $55.00 to $46.00 in a research report on Wednesday, March 26th.

Institutional Investors Weigh In On Global-E Online

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mutual Advisors LLC acquired a new stake in shares of Global-E Online during the fourth quarter valued at about $371,000. Fifth Third Bancorp raised its holdings in 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. boosted its position in Global-E Online by 1,968.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock worth $43,000 after buying an additional 748 shares during the period. Blue Trust Inc. boosted its position in Global-E Online by 696.1% during the 4th quarter. Blue Trust Inc. now owns 2,030 shares of the company's stock worth $111,000 after buying an additional 1,775 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its holdings in Global-E Online by 143.8% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company's stock worth $1,118,000 after acquiring an additional 12,094 shares during the last quarter. Institutional investors own 94.60% of the company's stock.

Global-E Online Stock Down 1.1%

GLBE stock traded down $0.34 during midday trading on Tuesday, reaching $31.47. 1,300,776 shares of the company's stock traded hands, compared to its average volume of 1,428,704. The company has a 50-day simple moving average of $34.65 and a two-hundred day simple moving average of $45.44. Global-E Online has a 1-year low of $26.64 and a 1-year high of $63.69. The company has a market cap of $5.34 billion, a price-to-earnings ratio of -71.52, a PEG ratio of 4.61 and a beta of 1.36.

Global-E Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.02. The business 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 10.04% and a negative return on equity of 8.56%. The firm's quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) EPS. Equities research analysts forecast that Global-E Online will post 0.25 EPS for the current year.

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.