Global-E Online Ltd. (NASDAQ:GLBE) Given Average Recommendation of “Buy” by Analysts

Global-E Online Ltd. (NASDAQ:GLBE) has received a consensus rating of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is $43.83.

Several research firms recently issued reports on GLBE. Benchmark reiterated a “buy” rating and issued a $41.00 price objective on shares of Global-E Online in a report on Tuesday, May 21st. Piper Sandler reaffirmed an “overweight” rating and issued a $50.00 price target on shares of Global-E Online in a research note on Thursday, February 22nd. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Global-E Online in a research note on Tuesday, May 21st. Morgan Stanley raised shares of Global-E Online from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $33.00 to $37.00 in a research note on Tuesday, May 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $46.00 target price on shares of Global-E Online in a report on Tuesday, May 28th.

Global-E Online Price Performance

Global-E Online stock opened at $32.00 on Tuesday. The stock has a market capitalization of $5.26 billion, a PE ratio of -43.24 and a beta of 1.07. Global-E Online has a 12 month low of $27.30 and a 12 month high of $45.72. The business has a 50 day simple moving average of $31.85 and a 200-day simple moving average of $35.33.

Global-E Online (NASDAQ:GLBE) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.04. The business had revenue of $145.90 million for the quarter, compared to the consensus estimate of $141.55 million. Global-E Online had a negative net margin of 20.52% and a negative return on equity of 18.05%. The company’s revenue was up 24.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.26) earnings per share. On average, equities research analysts anticipate that Global-E Online will post -0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLBE. Principal Financial Group Inc. purchased a new position in shares of Global-E Online in the third quarter valued at approximately $278,000. Barclays PLC grew its holdings in Global-E Online by 65.9% during the 3rd quarter. Barclays PLC now owns 39,617 shares of the company’s stock worth $1,574,000 after acquiring an additional 15,733 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Global-E Online in the 3rd quarter valued at approximately $544,000. Swiss National Bank purchased a new stake in shares of Global-E Online in the 3rd quarter valued at approximately $11,613,000. Finally, Van ECK Associates Corp raised its holdings in shares of Global-E Online by 6.8% in the 3rd quarter. Van ECK Associates Corp now owns 25,058 shares of the company’s stock valued at $996,000 after purchasing an additional 1,593 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

About Global-E Online

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.