Global-E Online (NASDAQ:GLBE) Shares Up 5.8%

Global-E Online Ltd. (NASDAQ:GLBE - Get Free Report)'s share price was up 5.8% on Monday . The company traded as high as $35.80 and last traded at $35.80. Approximately 861,128 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 1,104,013 shares. The stock had previously closed at $33.83.

Analyst Ratings Changes

A number of research analysts recently weighed in on GLBE shares. Wells Fargo & Company reiterated an "overweight" rating and issued a $40.00 price objective on shares of Global-E Online in a research note on Monday, April 1st. Piper Sandler reiterated an "overweight" rating and issued a $50.00 price objective on shares of Global-E Online in a research note on Thursday, February 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $48.00 price objective on shares of Global-E Online in a research note on Friday. Finally, The Goldman Sachs Group raised their price target on shares of Global-E Online from $36.00 to $46.00 and gave the company a "buy" rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Global-E Online Trading Up 7.5 %

The company has a market capitalization of $6.03 billion, a P/E ratio of -44.83 and a beta of 1.10. The business's fifty day moving average price is $36.48 and its 200-day moving average price is $36.61.

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

Institutional Trading of Global-E Online

Hedge funds have recently added to or reduced their stakes in the business. RiverPark Advisors LLC bought a new stake in Global-E Online in the third quarter worth $26,000. Quarry LP lifted its stake in Global-E Online by 169.9% in the first quarter. Quarry LP now owns 915 shares of the company's stock worth $29,000 after purchasing an additional 576 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Global-E Online in the second quarter worth $32,000. Money Concepts Capital Corp bought a new stake in Global-E Online in the fourth quarter worth $40,000. Finally, Rockefeller Capital Management L.P. lifted its stake in Global-E Online by 23.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,025 shares of the company's stock worth $41,000 after purchasing an additional 378 shares during the last quarter. 94.60% of the stock is owned by institutional investors.

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.