Global-E Online Ltd. (NASDAQ:GLBE) Receives $59.08 Consensus Price Target from Analysts

Global-E Online Ltd. (NASDAQ:GLBE) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $59.08.

Several equities research analysts recently issued reports on GLBE shares. Morgan Stanley raised their target price on shares of Global-E Online from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. JMP Securities increased their price target on shares of Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a report on Thursday, November 21st. Raymond James increased their price target on shares of Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Needham & Company LLC reissued a “buy” rating and issued a $64.00 price target on shares of Global-E Online in a report on Wednesday, March 12th. Finally, UBS Group lowered their price target on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, February 21st.

Institutional Trading of Global-E Online

Several large investors have recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in Global-E Online by 69.1% in the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock valued at $26,000 after buying an additional 197 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Global-E Online by 1,968.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after buying an additional 748 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Global-E Online in the fourth quarter valued at approximately $59,000. Whipplewood Advisors LLC acquired a new stake in Global-E Online in the fourth quarter valued at approximately $65,000. Finally, Venturi Wealth Management LLC acquired a new stake in Global-E Online in the third quarter valued at approximately $87,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Price Performance

Global-E Online stock opened at $37.07 on Thursday. The firm has a 50-day moving average of $51.68 and a 200-day moving average of $46.50. Global-E Online has a one year low of $28.11 and a one year high of $63.69. The company has a market cap of $6.09 billion, a price-to-earnings ratio of -84.25, a P/E/G ratio of 4.61 and a beta of 1.30.

Global-E Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business had revenue of $262.91 million during the quarter, compared to the consensus estimate of $250.96 million. During the same period last year, the business posted $0.22 EPS. Global-E Online’s revenue was up 41.8% on a year-over-year basis. As a group, sell-side analysts expect that Global-E Online will post 0.25 earnings per share for the current 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.