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

Shares of Global-E Online Ltd. (NASDAQ:GLBE) have received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $43.09.

Several research firms have commented on GLBE. Morgan Stanley cut shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price for the company. in a research note on Friday, October 18th. UBS Group lowered their price objective on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price target on shares of Global-E Online in a research note on Thursday, August 15th. Bank of America dropped their price objective on shares of Global-E Online from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Piper Sandler reissued a “buy” rating on shares of Global-E Online in a research report on Friday, October 18th.

Institutional Trading of Global-E Online

Several institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its stake in Global-E Online by 227.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 19,052 shares of the company’s stock worth $693,000 after buying an additional 13,239 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Global-E Online by 15.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 6,800 shares of the company’s stock valued at $247,000 after acquiring an additional 900 shares during the period. SG Americas Securities LLC raised its stake in Global-E Online by 12.8% during the 1st quarter. SG Americas Securities LLC now owns 134,401 shares of the company’s stock valued at $4,885,000 after acquiring an additional 15,296 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Global-E Online by 10.2% in the first quarter. TimesSquare Capital Management LLC now owns 815,097 shares of the company’s stock worth $29,629,000 after purchasing an additional 75,517 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Global-E Online by 4.2% during the first quarter. Swiss National Bank now owns 294,020 shares of the company’s stock valued at $10,688,000 after purchasing an additional 11,800 shares during the period. Institutional investors own 94.60% of the company’s stock.

Global-E Online Stock Performance

Global-E Online stock opened at $42.53 on Friday. Global-E Online has a fifty-two week low of $27.30 and a fifty-two week high of $42.99. The stock has a fifty day moving average of $37.48 and a two-hundred day moving average of $34.56. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of -65.43 and a beta of 1.10.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.03. The company had revenue of $168.00 million for the quarter, compared to analysts’ expectations of $165.95 million. Global-E Online had a negative net margin of 17.33% and a negative return on equity of 16.41%. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period last year, the company earned ($0.22) EPS. On average, analysts forecast that Global-E Online will post -0.5 EPS for the current fiscal year.

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.