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

Global-E Online Ltd. (NASDAQ:GLBEGet Free Report) 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.

View Our Latest Research Report on Global-E Online

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:GLBEGet Free Report) 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

(Get Free Report

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.

See Also

Analyst Recommendations for Global-E Online (NASDAQ:GLBE)

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