Global-e Online (NASDAQ:GLBE) Trading Down 5.6% – What’s Next?

Global-e Online Ltd. (NASDAQ:GLBE)’s share price was down 5.6% on Wednesday . The company traded as low as $33.86 and last traded at $34.94. Approximately 837,448 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 1,760,705 shares. The stock had previously closed at $37.01.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Global-e Online in a research note on Wednesday, October 8th. Benchmark restated a “buy” rating on shares of Global-e Online in a report on Monday. Finally, Zacks Research raised shares of Global-e Online to a “hold” rating in a research report on Friday, August 8th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.91.

Global-e Online Stock Down 8.7%

The firm has a market cap of $5.73 billion, a price-to-earnings ratio of -198.56, a PEG ratio of 1.87 and a beta of 1.25. The firm has a fifty day moving average price of $35.62 and a 200-day moving average price of $34.22.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $220.78 million for the quarter, compared to the consensus estimate of $217.95 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 25.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts anticipate that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-e Online declared that its Board of Directors has approved a share buyback program on Thursday, September 4th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Assetmark Inc. bought a new position in shares of Global-e Online in the first quarter valued at approximately $45,000. Geneos Wealth Management Inc. lifted its holdings in Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares during the last quarter. Virtus Advisers LLC bought a new position in shares of Global-e Online during the 2nd quarter valued at about $47,000. Pacer Advisors Inc. raised its holdings in shares of Global-e Online by 52.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock worth $50,000 after purchasing an additional 488 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after buying an additional 1,616 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

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.