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

Global-E Online Ltd. (NASDAQ:GLBE) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $59.08.

A number of equities analysts have recently commented on the stock. Benchmark cut 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 Thursday, February 20th. The Goldman Sachs Group lifted their target price on shares of Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. KeyCorp lifted their target price on shares of Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Wells Fargo & Company lowered their target price on shares of Global-E Online from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group lifted their target price on shares of Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th.

Global-E Online Stock Performance

Shares of NASDAQ:GLBE opened at $37.07 on Thursday. The firm has a market cap of $6.09 billion, a PE ratio of -84.25, a price-to-earnings-growth ratio of 4.61 and a beta of 1.30. The firm’s fifty day moving average is $51.68 and its 200-day moving average is $46.50. Global-E Online has a 52 week low of $28.11 and a 52 week high of $63.69.

Global-E Online (NASDAQ:GLBE) last issued its quarterly 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 analyst estimates of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. Global-E Online’s revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. Sell-side analysts forecast that Global-E Online will post 0.25 EPS for the current year.

Institutional Investors Weigh In On Global-E Online

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its position in shares of Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after acquiring an additional 197 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Global-E Online by 2.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company’s stock worth $436,000 after acquiring an additional 200 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Global-E Online by 1.3% during the fourth quarter. Voya Investment Management LLC now owns 17,060 shares of the company’s stock worth $930,000 after acquiring an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Global-E Online by 1.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company’s stock worth $908,000 after acquiring an additional 260 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Global-E Online by 4.4% during the third quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock worth $362,000 after acquiring an additional 393 shares in the last quarter. 94.60% of the stock is owned by institutional investors.

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.