Share Repurchase Plan Authorized by Global-e Online (NASDAQ:GLBE) Board of Directors

Global-e Online (NASDAQ:GLBE) announced that its board has approved a share buyback plan on Thursday, September 4th, RTT News reports. The company plans to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

GLBE has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $64.00 price target on shares of Global-e Online in a report on Thursday, May 15th. Piper Sandler reiterated an “overweight” rating and issued a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 14th. Truist Financial raised their price objective on shares of Global-e Online from $31.00 to $32.00 and gave the company a “sell” rating in a research report on Thursday, July 17th. Benchmark decreased their price objective on shares of Global-e Online from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Finally, Raymond James Financial reduced their price target on shares of Global-e Online from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.33.

Global-e Online Stock Up 2.1%

Global-e Online stock opened at $35.78 on Friday. The company’s 50-day moving average price is $33.26 and its 200-day moving average price is $34.72. Global-e Online has a twelve month low of $26.64 and a twelve month high of $63.69. The company has a market cap of $6.07 billion, a PE ratio of -210.47, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The firm had revenue of $214.88 million during the quarter, compared to analysts’ expectations of $207.95 million. During the same period in the previous year, the company earned ($0.13) EPS. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Global-e Online will post 0.25 earnings per share 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.