Global-E Online Ltd. (NASDAQ:GLBE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Global-E Online Ltd. (NASDAQ:GLBE) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $59.08.

Several brokerages have recently commented on GLBE. Needham & Company LLC reaffirmed a “buy” rating and set a $64.00 target price on shares of Global-E Online in a report on Wednesday, March 12th. KeyCorp increased their price target on shares of Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. JMP Securities increased their price target on shares of 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. Benchmark reduced 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 research report on Thursday, February 20th. Finally, Piper Sandler raised their target price on shares of Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, January 6th.

Global-E Online Trading Up 3.1 %

Shares of GLBE stock opened at $37.46 on Thursday. The firm has a market capitalization of $6.15 billion, a P/E ratio of -85.14, a PEG ratio of 4.61 and a beta of 1.30. The firm’s fifty day moving average price is $51.05 and its two-hundred day moving average price is $46.45. Global-E Online has a 1 year low of $28.11 and a 1 year high of $63.69.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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 for the quarter was up 41.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. As a group, equities research analysts forecast that Global-E Online will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Global-E Online

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp lifted its position in Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock valued at $26,000 after acquiring an additional 197 shares during the period. Geneos Wealth Management Inc. lifted its position in Global-E Online by 1,968.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after acquiring an additional 748 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Global-E Online in the fourth quarter worth about $59,000. Whipplewood Advisors LLC purchased a new position in Global-E Online in the fourth quarter worth about $65,000. Finally, Venturi Wealth Management LLC purchased a new position in Global-E Online in the third quarter worth about $87,000. 94.60% of the stock is owned by hedge funds and other 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.