Global-E Online (GLBE) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global-E Online in the last twelve months. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLBE shares.
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10 Wall Street analysts have issued 1 year price objectives for Global-E Online's stock. Their GLBE share price targets range from $33.00 to $50.00. On average, they anticipate the company's stock price to reach $43.00 in the next year. This suggests a possible upside of 30.3% from the stock's current price.
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Global-E Online's stock was trading at $39.63 at the start of the year. Since then, GLBE stock has decreased by 16.7% and is now trading at $33.00.
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Global-E Online saw a increase in short interest in March. As of March 31st, there was short interest totaling 8,360,000 shares, an increase of 14.1% from the March 15th total of 7,330,000 shares. Based on an average daily trading volume, of 1,130,000 shares, the days-to-cover ratio is currently 7.4 days. Currently, 9.2% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 27th 2024.
View our GLBE earnings forecast.

Global-E Online Ltd. (NASDAQ:GLBE) released its quarterly earnings data on Wednesday, February, 21st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.01. The company had revenue of $185.40 million for the quarter, compared to analysts' expectations of $181.74 million. Global-E Online had a negative trailing twelve-month return on equity of 19.33% and a negative net margin of 23.48%. The business's revenue for the quarter was up 32.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.18) earnings per share.

ETFs with the largest weight of Global-E Online (NASDAQ:GLBE) stock in their portfolio include ARK Fintech Innovation ETF (ARKF), Innovator IBD 50 ETF (FFTY), Global X E-Commerce ETF (EBIZ), Amplify BlueStar Israel Technology ETF (ITEQ), ProShares Online Retail ETF (ONLN), iShares MSCI Israel ETF (EIS), VanEck Israel ETF (ISRA) and First Trust IPOX Europe Equity Opportunities ETF (FPXE).

Global-E Online updated its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $138.5 million-$145.0 million, compared to the consensus revenue estimate of $150.5 million.

Global-E Online (GLBE) raised $360 million in an IPO on Wednesday, May 12th 2021. The company issued 15,000,000 shares at $23.00-$25.00 per share. Goldman Sachs, Morgan Stanley, Jefferies, Piper Sandler, JMP Securities, KeyBanc Capital Markets and Raymond James acted as the underwriters for the IPO.

Global-E Online's stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (1.45%), Allspring Global Investments Holdings LLC (1.19%), Wasatch Advisors LP (0.85%), Renaissance Capital LLC (0.04%), Park Avenue Securities LLC (0.01%) and Griffin Asset Management Inc. (0.00%).

Shares of GLBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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