Global-E Online Ltd. (NASDAQ:GLBE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Global-E Online Ltd. (NASDAQ:GLBE) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $59.58.

Several analysts have commented on the company. Wells Fargo & Company raised their price objective on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. The Goldman Sachs Group raised their price objective on Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a report on Friday, January 10th. Benchmark dropped their price objective on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler raised their price objective on Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, UBS Group decreased their target price on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday.

Hedge Funds Weigh In On Global-E Online

A number of institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its position in Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after buying an additional 197 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Global-E Online by 2.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company’s stock worth $436,000 after buying an additional 200 shares in the last quarter. Voya Investment Management LLC lifted its position in Global-E Online by 1.3% during the fourth quarter. Voya Investment Management LLC now owns 17,060 shares of the company’s stock worth $930,000 after buying an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Global-E Online by 1.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company’s stock worth $908,000 after buying an additional 260 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Global-E Online by 4.4% during the third quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock worth $362,000 after buying an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-E Online Stock Down 3.3 %

Global-E Online stock opened at $45.07 on Friday. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of -102.43, a price-to-earnings-growth ratio of 4.61 and a beta of 1.23. Global-E Online has a 52 week low of $28.11 and a 52 week high of $63.69. The business’s 50-day moving average price is $56.49 and its 200 day moving average price is $45.75.

Global-E Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The company had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same period last year, the company earned $0.22 earnings per share. Global-E Online’s quarterly revenue was up 41.8% compared to the same quarter last year. Equities analysts expect that Global-E Online will post 0.25 EPS for the current year.

Global-E Online Company Profile

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.