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

Shares of Global-E Online Ltd. (NASDAQ:GLBE) have earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $59.08.

GLBE has been the subject of a number of research analyst reports. UBS Group cut their price objective on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, February 21st. KeyCorp raised their price target on Global-E Online from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $64.00 price objective on shares of Global-E Online in a report on Wednesday. Wells Fargo & Company lowered their target price on Global-E Online from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, Piper Sandler boosted their price target on shares of Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th.

Institutional Investors Weigh In On Global-E Online

Several institutional investors have recently made changes to their positions in GLBE. Fifth Third Bancorp raised its position in Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 197 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Global-E Online by 1,968.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after buying an additional 748 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Global-E Online in the fourth quarter worth approximately $59,000. Whipplewood Advisors LLC bought a new stake in shares of Global-E Online during the 4th quarter worth approximately $65,000. Finally, SBI Securities Co. Ltd. purchased a new position in Global-E Online during the 4th quarter valued at $99,000. Institutional investors own 94.60% of the company’s stock.

Global-E Online Trading Up 5.3 %

Shares of GLBE opened at $38.67 on Thursday. Global-E Online has a 12-month low of $28.11 and a 12-month high of $63.69. The company has a market capitalization of $6.35 billion, a PE ratio of -87.89, a price-to-earnings-growth ratio of 4.61 and a beta of 1.30. The business’s 50 day moving average is $52.75 and its 200 day moving average is $46.37.

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