UBS Group Lowers Global-E Online (NASDAQ:GLBE) Price Target to $64.00

Global-E Online (NASDAQ:GLBE) had its price target decreased by UBS Group from $68.00 to $64.00 in a report released on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other brokerages also recently commented on GLBE. Needham & Company LLC lifted their target price on Global-E Online from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday. Benchmark reduced their price objective on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday. JMP Securities increased 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 target on shares of Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, The Goldman Sachs Group upped their price target on shares of Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.58.

Global-E Online Stock Performance

Shares of Global-E Online stock opened at $45.07 on Friday. The firm has a market cap of $7.40 billion, a PE ratio of -102.43, a price-to-earnings-growth ratio of 5.03 and a beta of 1.23. Global-E Online has a 1 year low of $28.11 and a 1 year high of $63.69. The firm’s 50-day simple moving average is $56.49 and its 200-day simple moving average is $45.65.

Global-E Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.60%. The company had revenue of $262.91 million for the quarter, compared to analysts’ expectations of $250.96 million. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was up 41.8% compared to the same quarter last year. On average, equities analysts predict that Global-E Online will post 0.25 earnings per share for the current year.

Institutional Trading of Global-E Online

A number of institutional investors have recently made changes to their positions in the stock. Values First Advisors Inc. raised its holdings in Global-E Online by 49.2% during the third quarter. Values First Advisors Inc. now owns 13,070 shares of the company’s stock worth $502,000 after purchasing an additional 4,309 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of Global-E Online during the 3rd quarter valued at $323,000. Mediolanum International Funds Ltd acquired a new position in shares of Global-E Online during the 3rd quarter valued at $315,000. Focus Financial Network Inc. lifted its holdings in shares of Global-E Online by 11.2% in the third quarter. Focus Financial Network Inc. now owns 6,899 shares of the company’s stock valued at $265,000 after buying an additional 694 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in Global-E Online during the third quarter valued at about $362,000. 94.60% of the stock is owned by institutional investors and hedge funds.

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.