Global-e Online (NASDAQ:GLBE) Price Target Raised to $48.00

Global-e Online (NASDAQ:GLBE) had its target price boosted by Piper Sandler from $42.00 to $48.00 in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also issued reports on GLBE. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Monday, November 17th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Global-e Online in a research report on Thursday. Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on shares of Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Zacks Research upgraded shares of Global-e Online to a “hold” rating in a research note on Friday, August 8th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $48.45.

Global-e Online Trading Up 1.4%

NASDAQ GLBE opened at $35.90 on Thursday. Global-e Online has a 1-year low of $26.64 and a 1-year high of $63.69. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 1,197.07, a PEG ratio of 1.86 and a beta of 1.25. The stock’s 50 day moving average is $35.57 and its two-hundred day moving average is $34.22.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $220.78 million during the quarter, compared to analysts’ expectations of $217.95 million. Global-e Online had a return on equity of 0.81% and a net margin of 0.82%.Global-e Online’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts predict that Global-e Online will post 0.25 earnings per share for the current year.

Global-e Online declared that its Board of Directors has authorized a share buyback program on Thursday, September 4th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Global-e Online

Several hedge funds have recently modified their holdings of the stock. Dragoneer Investment Group LLC raised its position in Global-e Online by 18.2% in the 3rd quarter. Dragoneer Investment Group LLC now owns 11,887,078 shares of the company’s stock worth $425,082,000 after purchasing an additional 1,831,063 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Global-e Online by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,769,843 shares of the company’s stock valued at $170,045,000 after buying an additional 308,218 shares during the period. Arohi Asset Management PTE Ltd. raised its position in shares of Global-e Online by 33.1% during the third quarter. Arohi Asset Management PTE Ltd. now owns 3,757,091 shares of the company’s stock worth $134,354,000 after acquiring an additional 934,207 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Global-e Online by 182.0% during the second quarter. Marshall Wace LLP now owns 3,656,115 shares of the company’s stock valued at $122,626,000 after acquiring an additional 2,359,435 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Global-e Online by 27.0% during the second quarter. JPMorgan Chase & Co. now owns 3,617,284 shares of the company’s stock valued at $121,324,000 after acquiring an additional 770,028 shares during the period. 94.60% of the stock is owned by institutional investors.

Global-e Online Company Profile

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.