Global-E Online (NASDAQ:GLBE) Coverage Initiated at Truist Financial

Research analysts at Truist Financial started coverage on shares of Global-E Online (NASDAQ:GLBE - Get Free Report) in a research report issued on Monday, Marketbeat.com reports. The firm set a "sell" rating and a $31.00 price target on the stock. Truist Financial's price objective would suggest a potential downside of 12.06% from the stock's current price.

Several other equities research analysts have also commented on GLBE. JMP Securities restated 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 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 report on Thursday, May 15th. Wells Fargo & Company decreased their target price on shares of Global-E Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. The Goldman Sachs Group cut their price objective on Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, UBS Group lowered their target price on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $48.00.

Global-E Online Stock Up 4.0%

Shares of GLBE stock traded up $1.35 on Monday, hitting $35.25. The stock had a trading volume of 1,539,941 shares, compared to its average volume of 1,501,806. Global-E Online has a one year low of $26.64 and a one year high of $63.69. The company has a market cap of $5.98 billion, a PE ratio of -80.11, a P/E/G ratio of 4.61 and a beta of 1.26. The business has a 50 day moving average price of $34.02 and a 200 day moving average price of $45.04.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The firm had revenue of $189.88 million during the quarter, compared to analyst estimates of $187.84 million. During the same quarter in the previous year, the business posted ($0.19) EPS. Global-E Online's revenue was up 30.2% on a year-over-year basis. Equities research analysts expect that Global-E Online will post 0.25 EPS for the current year.

Institutional Trading of Global-E Online

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Global-E Online by 69.1% in the fourth 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. Berbice Capital Management LLC bought a new stake in Global-E Online during the 1st quarter worth about $36,000. Assetmark Inc. acquired a new position in Global-E Online during the 1st quarter valued at about $45,000. Geneos Wealth Management Inc. boosted its stake in shares of Global-E Online by 67.2% in the 1st 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. Finally, Pacer Advisors Inc. raised 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 worth $50,000 after buying an additional 488 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.

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.