Global-e Online Ltd. (NASDAQ:GLBE - Get Rating) has earned a consensus rating of "Buy" from the nine brokerages that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $35.44.
A number of research analysts recently issued reports on GLBE shares. Morgan Stanley lowered their price target on shares of Global-e Online from $48.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, December 16th. Raymond James lowered their target price on shares of Global-e Online from $40.00 to $35.00 and set an "outperform" rating on the stock in a report on Thursday, November 17th. The Goldman Sachs Group decreased their price target on shares of Global-e Online from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Thursday, November 17th. KeyCorp cut their price objective on shares of Global-e Online from $40.00 to $30.00 and set an "overweight" rating on the stock in a research report on Thursday, November 17th. Finally, Piper Sandler cut their price target on shares of Global-e Online from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday, November 17th.
Global-e Online Stock Performance
Shares of GLBE stock opened at $20.64 on Tuesday. Global-e Online has a 52-week low of $15.63 and a 52-week high of $66.78. The company has a 50-day simple moving average of $21.70 and a two-hundred day simple moving average of $25.14. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of -16.92 and a beta of 0.86.
Global-e Online (NASDAQ:GLBE - Get Rating) last announced its quarterly earnings results on Wednesday, November 16th. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.10). The business had revenue of $105.56 million for the quarter, compared to analysts' expectations of $101.48 million. Global-e Online had a negative net margin of 53.83% and a negative return on equity of 13.72%. On average, sell-side analysts forecast that Global-e Online will post -1.37 EPS for the current fiscal year.
Hedge Funds Weigh In On Global-e Online
Several large investors have recently added to or reduced their stakes in GLBE. Raymond James Financial Services Advisors Inc. lifted its position in Global-e Online by 11.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 35,437 shares of the company's stock valued at $1,197,000 after buying an additional 3,521 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Global-e Online in the first quarter worth $688,000. Sei Investments Co. increased its stake in Global-e Online by 59.7% during the first quarter. Sei Investments Co. now owns 235,873 shares of the company's stock valued at $7,968,000 after purchasing an additional 88,194 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Global-e Online by 3.0% during the first quarter. Vanguard Group Inc. now owns 19,918 shares of the company's stock valued at $673,000 after acquiring an additional 571 shares during the period. Finally, Parkwood LLC boosted its holdings in shares of Global-e Online by 110.7% during the first quarter. Parkwood LLC now owns 22,531 shares of the company's stock valued at $761,000 after acquiring an additional 11,840 shares during the period. 61.12% of the stock is currently owned by hedge funds and other institutional investors.
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.
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