Global-e Online (NASDAQ:GLBE) Price Target Raised to $32.00

Global-e Online (NASDAQ:GLBE - Free Report) had its price target boosted by Truist Financial from $31.00 to $32.00 in a report published on Thursday,Benzinga reports. They currently have a sell rating on the stock.

Several other research analysts also recently weighed in on the company. Wells Fargo & Company lowered their target price on Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, May 15th. Piper Sandler reiterated an "overweight" rating and issued a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 14th. The Goldman Sachs Group lowered their target price on Global-e Online from $59.00 to $47.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. KeyCorp lowered their target price on Global-e Online from $60.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Morgan Stanley upgraded Global-e Online from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $55.00 to $46.00 in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Global-e Online has a consensus rating of "Moderate Buy" and a consensus price target of $48.08.

Global-e Online Stock Down 0.4%

GLBE traded down $0.13 during trading on Thursday, hitting $33.45. 2,344,709 shares of the stock were exchanged, compared to its average volume of 1,560,097. The firm has a market capitalization of $5.68 billion, a P/E ratio of -92.92, a PEG ratio of 1.98 and a beta of 1.25. Global-e Online has a 1-year low of $26.64 and a 1-year high of $63.69. The stock has a fifty day moving average price of $33.17 and a two-hundred day moving average price of $40.77.

Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. Global-e Online had a negative return on equity of 6.96% and a negative net margin of 7.70%. The company had revenue of $189.88 million for the quarter, compared to the consensus estimate of $187.84 million. During the same period last year, the business posted ($0.19) EPS. The company's revenue was up 30.2% on a year-over-year basis. Analysts predict that Global-e Online will post 0.25 EPS for the current year.

Institutional Trading of Global-e Online

A number of institutional investors have recently bought and sold shares of GLBE. Berbice Capital Management LLC purchased a new stake in Global-e Online during the first quarter worth $36,000. Assetmark Inc. purchased a new stake in Global-e Online during the first quarter worth $45,000. Geneos Wealth Management Inc. boosted its position in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after purchasing an additional 528 shares in the last quarter. Pacer Advisors Inc. boosted its position in 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 purchasing an additional 488 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Global-e Online during the first quarter worth $68,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

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.