Global-e Online (NASDAQ:GLBE) Sees Strong Trading Volume - Time to Buy?

Key Points

• Global-e Online's trading volume surged by 23% with 2,267,894 shares traded, indicating heightened investor interest as the stock last traded at $35.97.
• The company reported a 27.9% increase in revenue year-over-year, achieving $214.88 million for the quarter and surpassing analyst estimates.
• Analysts have mixed ratings on Global-e Online, but consensus still leans towards a "Moderate Buy" with a price target of $48.33, despite some firms reiterating sell ratings.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) shares saw strong trading volume on Friday . 2,267,894 shares were traded during trading, an increase of 23% from the previous session's volume of 1,839,172 shares.The stock last traded at $35.97 and had previously closed at $36.57.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial lifted their price objective on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research note on Thursday, July 17th. Zacks Research upgraded shares of Global-e Online to a "hold" rating in a research note on Friday, August 8th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Global-e Online in a research note on Saturday, September 27th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Global-e Online presently has a consensus rating of "Moderate Buy" and an average price target of $48.33.

Global-e Online Trading Down 3.3%

The company has a market cap of $6.00 billion, a PE ratio of -208.06, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The firm's fifty day moving average is $34.41 and its 200 day moving average is $34.12.

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

Global-e Online announced that its Board of Directors has approved a stock repurchase program on Thursday, September 4th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Global-e Online

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC boosted its stake in Global-e Online by 20.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 10,056,015 shares of the company's stock worth $337,279,000 after purchasing an additional 1,708,655 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Global-e Online by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,769,843 shares of the company's stock worth $170,045,000 after purchasing an additional 308,218 shares during the last quarter. Marshall Wace LLP boosted its stake in Global-e Online by 182.0% during the 2nd quarter. Marshall Wace LLP now owns 3,656,115 shares of the company's stock worth $122,626,000 after purchasing an additional 2,359,435 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Global-e Online by 27.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,617,284 shares of the company's stock worth $121,324,000 after purchasing an additional 770,028 shares during the last quarter. Finally, Wasatch Advisors LP boosted its stake in Global-e Online by 231.8% during the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company's stock worth $114,847,000 after purchasing an additional 2,392,124 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.

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.

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