UBS Group Has Lowered Expectations for Global-E Online (NASDAQ:GLBE) Stock Price

Global-E Online (NASDAQ:GLBE) had its price objective decreased by investment analysts at UBS Group from $68.00 to $64.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 42.00% from the stock’s current price.

Several other equities research analysts have also commented on the stock. KeyCorp increased their price objective on shares of Global-E Online from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. JMP Securities raised their price target on shares of Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company raised their price target on shares of Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Needham & Company LLC raised their price target on shares of Global-E Online from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group raised their price target on shares of Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.58.

Global-E Online Stock Performance

NASDAQ:GLBE 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 firm has a 50-day moving average price of $56.49 and a two-hundred day moving average price of $45.75.

Global-E Online (NASDAQ:GLBE) last posted 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. The firm had revenue of $262.91 million during the quarter, compared to analyst estimates of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. As a group, sell-side analysts forecast that Global-E Online will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GLBE. Fifth Third Bancorp grew its stake in Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock valued at $26,000 after buying an additional 197 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Global-E Online in the 3rd quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its stake in Global-E Online by 1,968.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after buying an additional 748 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Global-E Online in the 4th quarter valued at $59,000. Finally, Whipplewood Advisors LLC bought a new position in Global-E Online in the 4th quarter valued at $65,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

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.