Shares of Global-E Online Ltd. (NASDAQ:GLBE – Get Free Report) have earned a consensus recommendation of “Buy” from the eleven research firms that are covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $43.58.
A number of research firms have weighed in on GLBE. JMP Securities reaffirmed a “market outperform” rating and set a $46.00 price objective on shares of Global-E Online in a research report on Wednesday, July 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of Global-E Online in a research report on Monday, July 1st. Bank of America increased their price objective on Global-E Online from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Benchmark reaffirmed a “buy” rating and set a $41.00 price objective on shares of Global-E Online in a research report on Tuesday, May 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $48.00 target price on shares of Global-E Online in a research note on Tuesday, May 21st.
Check Out Our Latest Analysis on GLBE
Hedge Funds Weigh In On Global-E Online
Global-E Online Stock Down 2.4 %
Shares of NASDAQ GLBE opened at $31.56 on Wednesday. The stock has a market cap of $5.18 billion, a PE ratio of -42.65 and a beta of 1.10. Global-E Online has a 52-week low of $27.30 and a 52-week high of $42.88. The business has a 50-day moving average price of $33.49 and a 200 day moving average price of $34.44.
Global-E Online (NASDAQ:GLBE – Get Free Report) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.04. Global-E Online had a negative return on equity of 18.05% and a negative net margin of 20.52%. The company had revenue of $145.90 million during the quarter, compared to analysts’ expectations of $141.55 million. During the same period last year, the firm earned ($0.26) EPS. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. Sell-side analysts anticipate that Global-E Online will post -0.53 earnings per share for the current 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.
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