Global-E Online Ltd. (NASDAQ:GLBE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Global-E Online Ltd. (NASDAQ:GLBE) have received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $43.00.

GLBE has been the subject of a number of recent research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $40.00 price target on shares of Global-E Online in a research note on Monday, April 1st. Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Global-E Online in a report on Friday, April 5th. Piper Sandler restated an “overweight” rating and issued a $50.00 price objective on shares of Global-E Online in a research note on Thursday, February 22nd. Finally, The Goldman Sachs Group lifted their target price on Global-E Online from $36.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th.

Institutional Investors Weigh In On Global-E Online

Several hedge funds have recently modified their holdings of the stock. RiverPark Advisors LLC acquired a new position in Global-E Online during the 3rd quarter worth approximately $26,000. Global Retirement Partners LLC raised its position in Global-E Online by 31.2% in the first quarter. Global Retirement Partners LLC now owns 1,650 shares of the company’s stock worth $60,000 after acquiring an additional 392 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Global-E Online in the third quarter valued at $126,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Global-E Online during the 4th quarter worth $141,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Global-E Online during the 3rd quarter worth $175,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-E Online Stock Performance

Shares of GLBE stock opened at $33.61 on Monday. Global-E Online has a fifty-two week low of $26.01 and a fifty-two week high of $45.72. The company has a 50 day moving average price of $34.74 and a 200 day moving average price of $36.21. The stock has a market capitalization of $5.52 billion, a P/E ratio of -41.49 and a beta of 1.10.

Global-E Online (NASDAQ:GLBE) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The business had revenue of $185.40 million during the quarter, compared to analyst estimates of $181.74 million. Global-E Online had a negative return on equity of 19.33% and a negative net margin of 23.48%. The business’s revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.18) EPS. On average, research analysts forecast that Global-E Online will post -0.5 EPS for the current fiscal 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.