Global-e Online Ltd. (NASDAQ:GLBE) Receives Consensus Rating of “Buy” from Analysts

Global-e Online Ltd. (NASDAQ:GLBEGet Rating) has earned a consensus rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $63.33.

A number of research analysts have commented on GLBE shares. KeyCorp decreased their target price on shares of Global-e Online from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 16th. Raymond James lowered their price objective on shares of Global-e Online from $68.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, February 17th. Zacks Investment Research lowered Global-e Online from a “hold” rating to a “sell” rating in a research report on Friday, February 25th. Morgan Stanley decreased their target price on Global-e Online from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 target price on shares of Global-e Online in a research report on Thursday, February 17th.

Global-e Online stock opened at $23.94 on Thursday. The firm has a 50 day simple moving average of $32.61 and a 200-day simple moving average of $45.87. The stock has a market cap of $3.41 billion and a price-to-earnings ratio of -35.73. Global-e Online has a 1-year low of $23.76 and a 1-year high of $83.77.

Global-e Online (NASDAQ:GLBEGet Rating) last posted its earnings results on Wednesday, February 16th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Global-e Online had a positive return on equity of 0.75% and a negative net margin of 30.55%. The company had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $77.63 million. The company’s revenue for the quarter was up 54.3% on a year-over-year basis. On average, research analysts forecast that Global-e Online will post 0.08 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in GLBE. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Global-e Online in the fourth quarter valued at approximately $38,000. Atticus Wealth Management LLC acquired a new stake in shares of Global-e Online in the 3rd quarter valued at $58,000. Royal Bank of Canada acquired a new stake in shares of Global-e Online in the 2nd quarter valued at $78,000. First Horizon Advisors Inc. grew its stake in shares of Global-e Online by 361.9% during the third quarter. First Horizon Advisors Inc. now owns 813 shares of the company’s stock worth $81,000 after purchasing an additional 637 shares in the last quarter. Finally, Tortoise Index Solutions LLC purchased a new position in Global-e Online in the fourth quarter valued at $87,000. Hedge funds and other institutional investors own 56.89% of the company’s stock.

Global-e Online Company Profile (Get Rating)

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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Analyst Recommendations for Global-e Online (NASDAQ:GLBE)

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