Analysts Set Global-e Online Ltd. (NASDAQ:GLBE) PT at $48.00

Global-e Online Ltd. (NASDAQ:GLBE) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $48.00.

A number of equities analysts have weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, May 15th. Morgan Stanley upgraded shares of Global-e Online from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $55.00 to $46.00 in a research report on Wednesday, March 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Global-e Online in a report on Thursday, May 15th. Truist Financial began coverage on Global-e Online in a research note on Monday, June 2nd. They issued a “sell” rating and a $31.00 target price for the company. Finally, Raymond James Financial cut their price target on Global-e Online from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, May 15th.

Global-e Online Price Performance

GLBE stock opened at $31.35 on Friday. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of -87.08, a P/E/G ratio of 1.85 and a beta of 1.26. The business has a fifty day moving average price of $33.87 and a 200 day moving average price of $43.35. Global-e Online has a fifty-two week low of $26.64 and a fifty-two week high of $63.69.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.02. Global-e Online had a negative net margin of 7.70% and a negative return on equity of 6.96%. The business had revenue of $189.88 million for the quarter, compared to the consensus estimate of $187.84 million. During the same quarter in the prior year, the company earned ($0.19) EPS. The firm’s quarterly revenue was up 30.2% on a year-over-year basis. On average, equities analysts expect that Global-e Online will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of Global-e Online

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. boosted its stake in Global-e Online by 2.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company’s stock worth $436,000 after acquiring an additional 200 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Global-e Online by 1.3% in the 4th quarter. Voya Investment Management LLC now owns 17,060 shares of the company’s stock valued at $930,000 after buying an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Global-e Online by 1.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company’s stock valued at $908,000 after buying an additional 260 shares during the period. Mackenzie Financial Corp increased its position in shares of Global-e Online by 7.1% in the 4th quarter. Mackenzie Financial Corp now owns 6,740 shares of the company’s stock valued at $368,000 after buying an additional 448 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Global-e Online by 52.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock worth $50,000 after buying an additional 488 shares during the period. 94.60% of the stock is owned by 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.