Global-e Online Ltd. (NASDAQ:GLBE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Global-e Online Ltd. has received a consensus recommendation of “Moderate Buy” from analysts, with eleven buy ratings, one hold, and one sell recommendation out of thirteen brokerages.
• The company reported a revenue of $214.88 million for the last quarter, exceeding analysts' expectations, and set its fiscal year 2025 EPS guidance.
• Global-e Online has initiated a $200 million stock buyback program, indicating the board's belief that the shares are undervalued.

Shares of Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $48.3333.

Several research firms have issued reports on GLBE. Zacks Research raised shares of Global-e Online to a "hold" rating in a research note on Friday, August 8th. 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, July 17th.

Institutional Investors Weigh In On Global-e Online

Several hedge funds have recently modified their holdings of GLBE. Berbice Capital Management LLC acquired a new stake in shares of Global-e Online in the first quarter worth approximately $36,000. Assetmark Inc. purchased a new position in Global-e Online in the first quarter valued at approximately $45,000. Virtus Advisers LLC purchased a new position in Global-e Online in the second quarter valued at approximately $47,000. Geneos Wealth Management Inc. raised 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 buying an additional 528 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Global-e Online by 52.9% in the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock valued at $50,000 after buying an additional 488 shares during the period. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-e Online Price Performance

Global-e Online stock opened at $36.74 on Monday. Global-e Online has a 12-month low of $26.64 and a 12-month high of $63.69. The stock has a market capitalization of $6.24 billion, a P/E ratio of -216.12, a P/E/G ratio of 1.96 and a beta of 1.24. The firm's 50-day moving average is $34.27 and its two-hundred day moving average is $34.10.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The company had revenue of $214.88 million for the quarter, compared to analysts' expectations of $207.95 million. During the same period last year, the company earned ($0.13) EPS. The firm's revenue for the quarter was up 27.9% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that Global-e Online will post 0.25 EPS for the current year.

Global-e Online announced that its board has initiated a stock buyback program on Thursday, September 4th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

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.

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