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

Global-E Online Ltd. (NASDAQ:GLBE - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $43.00.

Several equities research analysts have recently commented on GLBE shares. Needham & Company LLC restated a "buy" rating and issued a $48.00 price objective on shares of Global-E Online in a research note on Friday, April 5th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $40.00 target price on shares of Global-E Online in a report on Monday, April 1st. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $50.00 target price on shares of Global-E Online in a report on Thursday, February 22nd.

Global-E Online Trading Up 2.6 %

GLBE stock traded up $0.73 during midday trading on Friday, hitting $29.13. The company's stock had a trading volume of 3,795,064 shares, compared to its average volume of 1,161,050. The company has a market cap of $4.78 billion, a PE ratio of -35.06 and a beta of 1.13. Global-E Online has a 12 month low of $27.30 and a 12 month high of $45.72. The firm's 50-day moving average is $33.84 and its 200-day moving average is $35.84.

Global-E Online (NASDAQ:GLBE - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The company had revenue of $185.40 million for the quarter, compared to analysts' expectations of $181.74 million. Global-E Online had a negative net margin of 23.48% and a negative return on equity of 19.33%. Global-E Online's quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. Analysts expect that Global-E Online will post -0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLBE. Commonwealth Equity Services LLC bought a new position in shares of Global-E Online during the 3rd quarter valued at about $251,000. Bank of New York Mellon Corp bought a new position in shares of Global-E Online in the 3rd quarter valued at about $5,991,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Global-E Online in the 3rd quarter valued at about $175,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Global-E Online by 21.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,724 shares of the company's stock worth $2,453,000 after acquiring an additional 10,700 shares during the period. Finally, TD Asset Management Inc purchased a new position in Global-E Online during the third quarter valued at approximately $892,000. 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.