Global-e Online (NASDAQ:GLBE) Posts Earnings Results, Beats Estimates By $0.01 EPS

Global-e Online (NASDAQ:GLBE) announced its earnings results on Wednesday. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01, Zacks reports. The firm had revenue of $220.78 million for the quarter, compared to analysts’ expectations of $217.95 million. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.13) earnings per share. Global-e Online updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Global-e Online Price Performance

Shares of NASDAQ GLBE opened at $35.39 on Thursday. Global-e Online has a one year low of $26.64 and a one year high of $63.69. The business’s 50-day moving average price is $35.59 and its two-hundred day moving average price is $34.23. The company has a market capitalization of $6.01 billion, a P/E ratio of -208.18, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GLBE shares. The Goldman Sachs Group lifted their price target on Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a report on Monday. Zacks Research raised shares of Global-e Online to a “hold” rating in a report on Friday, August 8th. Piper Sandler raised their price objective on shares of Global-e Online from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Global-e Online in a research note on Thursday. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Global-e Online presently has an average rating of “Moderate Buy” and a consensus price target of $48.45.

Hedge Funds Weigh In On Global-e Online

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLBE. Engineers Gate Manager LP increased its stake in shares of Global-e Online by 121.3% during the 2nd quarter. Engineers Gate Manager LP now owns 161,279 shares of the company’s stock worth $5,409,000 after purchasing an additional 88,400 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Global-e Online by 197.8% in the second quarter. Balyasny Asset Management L.P. now owns 1,545,096 shares of the company’s stock worth $51,823,000 after purchasing an additional 1,026,316 shares in the last quarter. Ameriprise Financial Inc. increased its position in Global-e Online by 6.6% during the second quarter. Ameriprise Financial Inc. now owns 74,066 shares of the company’s stock worth $2,484,000 after buying an additional 4,589 shares during the last quarter. Raymond James Financial Inc. increased its position in Global-e Online by 30.5% during the second quarter. Raymond James Financial Inc. now owns 211,244 shares of the company’s stock worth $7,085,000 after buying an additional 49,424 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in Global-e Online during the second quarter worth $1,015,000. Institutional investors own 94.60% of the company’s stock.

Global-e Online announced that its board has initiated a share repurchase plan on Thursday, September 4th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 3.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.