Global-e Online (GLBE) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global-e Online in the last twelve months. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLBE shares.
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10 brokers have issued 1-year price targets for Global-e Online's stock. Their GLBE share price forecasts range from $41.00 to $54.00. On average, they expect the company's stock price to reach $46.10 in the next twelve months. This suggests a possible upside of 24.2% from the stock's current price.
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Global-e Online's stock was trading at $20.64 at the beginning of the year. Since then, GLBE stock has increased by 79.8% and is now trading at $37.12.
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Global-e Online saw a increase in short interest in August. As of August 31st, there was short interest totaling 5,740,000 shares, an increase of 12.5% from the August 15th total of 5,100,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 6.6% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
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Global-e Online Ltd. (NASDAQ:GLBE) announced its earnings results on Tuesday, August, 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.04. The company earned $133.31 million during the quarter, compared to analysts' expectations of $128.79 million. Global-e Online had a negative net margin of 34.58% and a negative trailing twelve-month return on equity of 18.57%. The business's quarterly revenue was up 52.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) earnings per share.

ETFs with the largest weight of Global-e Online (NASDAQ:GLBE) stock in their portfolio include ARK Fintech Innovation ETF (ARKF), Global X E-Commerce ETF (EBIZ), Innovator IBD 50 ETF (FFTY), ProShares Online Retail ETF (ONLN), VanEck Israel ETF (ISRA), First Trust IPOX Europe Equity Opportunities ETF (FPXE), ProShares Long Online/Short Stores ETF (CLIX) and Franklin Disruptive Commerce ETF (BUYZ).

Global-e Online updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $136.00 million-$142.00 million, compared to the consensus revenue estimate of $142.57 million.

(GLBE) raised $360 million in an initial public offering on Wednesday, May 12th 2021. The company issued 15,000,000 shares at a price of $23.00-$25.00 per share. Goldman Sachs, Morgan Stanley, Jefferies, Piper Sandler, JMP Securities, KeyBanc Capital Markets and Raymond James acted as the underwriters for the IPO.

Global-e Online trades on the NASDAQ under the ticker symbol "GLBE."

Global-e Online's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Abdiel Capital Advisors LP (7.84%), Dragoneer Investment Group LLC (7.82%), Vitruvian Partners LLP (3.87%), Goldman Sachs Group Inc. (3.10%), Artisan Partners Limited Partnership (2.13%) and Eventide Asset Management LLC (1.51%).

Shares of GLBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GLBE stock can currently be purchased for approximately $37.12.

Global-e Online (NASDAQ:GLBE) has a market capitalization of $6.10 billion and generates $409.05 million in revenue each year. The company earns $-195,400,000.00 in net income (profit) each year or ($1.07) on an earnings per share basis.

The company employs 767 workers across the globe.

The official website for the company is www.global-e.com. The company can be reached via phone at 972-73-260-5078 or via email at ir@global-e.com.