Needham & Company LLC reiterated their buy rating on shares of Global-E Online (NASDAQ:GLBE - Free Report) in a research report released on Friday, Benzinga reports. They currently have a $48.00 target price on the stock.
A number of other equities research analysts have also weighed in on GLBE. Wells Fargo & Company restated an overweight rating and set a $40.00 price target on shares of Global-E Online in a research note on Monday. The Goldman Sachs Group upped their target price on Global-E Online from $36.00 to $46.00 and gave the company a buy rating in a research report on Thursday, January 11th. Finally, Piper Sandler reiterated an overweight rating and issued a $50.00 target price on shares of Global-E Online in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $43.00.
View Our Latest Research Report on GLBE
Global-E Online Price Performance
Global-E Online stock traded down $0.29 during trading hours on Friday, reaching $33.83. The stock had a trading volume of 1,282,130 shares, compared to its average volume of 1,108,476. The company has a market cap of $5.61 billion, a price-to-earnings ratio of -41.77 and a beta of 1.10. The business's 50 day moving average price is $36.48 and its 200-day moving average price is $36.62. Global-E Online has a 52 week low of $26.01 and a 52 week high of $45.72.
Global-E Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly 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). Global-E Online had a negative return on equity of 14.58% and a negative net margin of 23.48%. The business had revenue of $185.40 million for the quarter, compared to analysts' expectations of $181.74 million. During the same quarter in the previous year, the firm posted ($0.18) EPS. Global-E Online's revenue was up 32.5% on a year-over-year basis. On average, sell-side analysts forecast that Global-E Online will post -0.5 EPS for the current fiscal year.
Institutional Investors Weigh In On Global-E Online
A number of hedge funds and other institutional investors have recently made changes to their positions in GLBE. Raymond James Financial Services Advisors Inc. grew its stake in shares of Global-E Online by 11.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 35,437 shares of the company's stock worth $1,197,000 after purchasing an additional 3,521 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Global-E Online during the 1st quarter worth approximately $688,000. Sei Investments Co. lifted its position in shares of Global-E Online by 59.7% during the 1st quarter. Sei Investments Co. now owns 235,873 shares of the company's stock valued at $7,968,000 after buying an additional 88,194 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Global-E Online by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 19,918 shares of the company's stock valued at $673,000 after buying an additional 571 shares in the last quarter. Finally, Parkwood LLC lifted its position in shares of Global-E Online by 110.7% during the 1st quarter. Parkwood LLC now owns 22,531 shares of the company's stock valued at $761,000 after buying an additional 11,840 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.
Global-E Online Company Profile
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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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