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 year. 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 brokerages have issued 1 year price objectives for Global-E Online's shares. Their GLBE share price targets range from $33.00 to $50.00. On average, they expect the company's share price to reach $43.00 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price.
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Global-E Online's stock was trading at $39.63 at the beginning of 2024. Since then, GLBE shares have decreased by 16.7% and is now trading at $33.02.
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Global-E Online saw a increase in short interest in the month of 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 volume of 1,130,000 shares, the days-to-cover ratio is presently 7.4 days. Currently, 9.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 27th 2024.
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Global-E Online Ltd. (NASDAQ:GLBE) released its quarterly earnings data on Wednesday, February, 21st. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.01. The firm had revenue of $185.40 million for the quarter, compared to analyst estimates 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 firm's revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) EPS.

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), VanEck Israel ETF (ISRA), First Trust IPOX Europe Equity Opportunities ETF (FPXE) and ProShares Long Online/Short Stores ETF (CLIX).

Global-E Online issued an update on 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 initial public offering 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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