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

10 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" GLBE shares.
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10 Wall Street research analysts have issued 1-year target prices for Global-E Online's shares. Their GLBE share price targets range from $33.00 to $50.00. On average, they anticipate the company's share price to reach $43.00 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price.
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Global-E Online's stock was trading at $39.63 at the beginning of the year. Since then, GLBE stock has decreased by 16.1% and is now trading at $33.26.
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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 volume of 1,130,000 shares, the short-interest ratio is presently 7.4 days. Approximately 9.2% of the shares of the stock are short sold.
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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) posted its quarterly earnings results on Wednesday, February, 21st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by $0.01. The business had revenue of $185.40 million for the quarter, compared to the consensus estimate 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 was up 32.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($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), Global X E-Commerce ETF (EBIZ), Innovator IBD 50 ETF (FFTY), 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 updated its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (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 served as the underwriters for the IPO.

Global-E Online's stock is owned by a variety of retail and institutional investors. Top institutional investors include Renaissance Capital LLC (0.04%) and Park Avenue Securities LLC (0.01%).

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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