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

Global-E Online Ltd. (NASDAQ:GLBE) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $58.25.

A number of research firms recently commented on GLBE. Wells Fargo & Company boosted their target price on Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. JMP Securities boosted their target price on Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 21st. Jefferies Financial Group boosted their price objective on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Needham & Company LLC boosted their price objective on Global-E Online from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Benchmark reduced their price objective on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Fred Alger Management LLC bought a new position in shares of Global-E Online during the third quarter valued at approximately $53,493,000. TimesSquare Capital Management LLC grew its stake in Global-E Online by 6.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 770,999 shares of the company’s stock worth $42,043,000 after purchasing an additional 45,739 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Global-E Online by 40.7% in the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock worth $70,979,000 after purchasing an additional 533,675 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in Global-E Online by 143.8% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company’s stock worth $1,118,000 after purchasing an additional 12,094 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in Global-E Online by 23.8% in the third quarter. Public Sector Pension Investment Board now owns 51,950 shares of the company’s stock worth $1,997,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Global-E Online Trading Down 8.4 %

NASDAQ:GLBE opened at $46.63 on Friday. The company has a market capitalization of $7.66 billion, a P/E ratio of -80.40, a P/E/G ratio of 6.37 and a beta of 1.23. Global-E Online has a 12 month low of $28.11 and a 12 month high of $63.69. The business’s 50-day moving average is $56.72 and its 200 day moving average is $45.56.

Global-E Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $262.91 million for the quarter, compared to the consensus estimate of $250.96 million. Global-E Online had a negative return on equity of 15.05% and a negative net margin of 14.68%. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. On average, research analysts forecast that Global-E Online will post -0.47 earnings per share for the current year.

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.