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

Shares of Global-E Online Ltd. (NASDAQ:GLBEGet 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

Hedge funds have recently bought and sold shares of the company. Raymond James & Associates increased its stake in Global-E Online by 344.4% in the 4th quarter. Raymond James & Associates now owns 48,802 shares of the company’s stock valued at $1,934,000 after purchasing an additional 37,821 shares in the last quarter. Contour Asset Management LLC purchased a new position in Global-E Online in the 4th quarter valued at approximately $57,816,000. Nikko Asset Management Americas Inc. increased its stake in Global-E Online by 10.8% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,224,278 shares of the company’s stock valued at $88,037,000 after purchasing an additional 217,415 shares in the last quarter. SRS Investment Management LLC purchased a new position in Global-E Online in the 4th quarter valued at approximately $25,071,000. Finally, Bain Capital Public Equity Management II LLC increased its stake in Global-E Online by 76.2% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 992,842 shares of the company’s stock valued at $39,346,000 after purchasing an additional 429,367 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

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:GLBEGet 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

(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)

Receive News & Ratings for Global-E Online Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global-E Online and related companies with MarketBeat.com's FREE daily email newsletter.