Global-e Online's (GLBE) "Sell (D+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Global-e Online's stock has been reaffirmed with a "sell (D+)" rating by Weiss Ratings, indicating ongoing concerns about its performance.
• Despite this, the stock has a consensus rating of "Moderate Buy" with a target price of $48.33 from other analysts, showcasing mixed sentiments in the market.
• Global-e Online has announced a $200 million share buyback plan, a move typically signaling that management believes the stock is undervalued.

Global-e Online (NASDAQ:GLBE - Get Free Report)'s stock had its "sell (d+)" rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

GLBE has been the subject of several other reports. Truist Financial boosted 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 report on Thursday, July 17th. Zacks Research raised shares of Global-e Online to a "hold" rating in a research report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Global-e Online currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.33.

Global-e Online Price Performance

Global-e Online stock opened at $35.07 on Wednesday. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of -206.29, a price-to-earnings-growth ratio of 1.85 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 firm has a 50-day moving average of $34.50 and a two-hundred day moving average of $34.07.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $214.88 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Global-e Online will post 0.25 earnings per share for the current year.

Global-e Online announced that its board has approved a share buyback plan on Thursday, September 4th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 3.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Global-e Online

A number of hedge funds and other 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 valued at approximately $36,000. Assetmark Inc. acquired a new position in Global-e Online during the 1st quarter valued at approximately $45,000. Virtus Advisers LLC acquired a new position in Global-e Online during the 2nd quarter valued at approximately $47,000. Geneos Wealth Management Inc. increased its stake in Global-e Online by 67.2% during 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 in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Global-e Online by 52.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock valued at $50,000 after purchasing an additional 488 shares in the last quarter. Hedge funds and other institutional investors 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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