Global-E Online Ltd. (NASDAQ:GLBE) Receives $43.83 Consensus Target Price from Analysts

Global-E Online Ltd. (NASDAQ:GLBE) has been given an average rating of “Buy” by the eleven brokerages that are covering the company, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $43.83.

Several research firms have issued reports on GLBE. Morgan Stanley upgraded shares of Global-E Online from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $33.00 to $37.00 in a research note on Tuesday, May 21st. Bank of America raised their price target on Global-E Online from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. JMP Securities reaffirmed a “market outperform” rating and set a $46.00 price target on shares of Global-E Online in a research report on Tuesday, May 28th. Benchmark reissued a “buy” rating and issued a $41.00 price objective on shares of Global-E Online in a report on Tuesday, May 21st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $50.00 target price on shares of Global-E Online in a report on Thursday, February 22nd.

Institutional Investors Weigh In On Global-E Online

Hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in Global-E Online by 31.2% during the 1st quarter. Global Retirement Partners LLC now owns 1,650 shares of the company’s stock worth $60,000 after purchasing an additional 392 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Global-E Online in the third quarter worth $126,000. RiverPark Advisors LLC raised its position in Global-E Online by 360.9% in the first quarter. RiverPark Advisors LLC now owns 3,650 shares of the company’s stock worth $133,000 after acquiring an additional 2,858 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in Global-E Online in the fourth quarter valued at $141,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Global-E Online by 15.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,911 shares of the company’s stock worth $215,000 after purchasing an additional 780 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Stock Performance

GLBE opened at $31.66 on Tuesday. The business’s 50-day simple moving average is $31.76 and its 200-day simple moving average is $35.32. The company has a market cap of $5.20 billion, a P/E ratio of -42.78 and a beta of 1.07. Global-E Online has a one year low of $27.30 and a one year high of $45.72.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings data on Monday, May 20th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.04. Global-E Online had a negative net margin of 20.52% and a negative return on equity of 18.05%. The company had revenue of $145.90 million for the quarter, compared to analysts’ expectations of $141.55 million. During the same quarter last year, the company earned ($0.26) earnings per share. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. As a group, analysts predict that Global-E Online will post -0.52 earnings per share 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.