Global-E Online Ltd. (NASDAQ:GLBE) Receives $54.08 Average Price Target from Analysts

Global-E Online Ltd. (NASDAQ:GLBE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $56.67.

Several research firms have recently weighed in on GLBE. The Goldman Sachs Group lifted their price target on shares of Global-E Online from $56.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Needham & Company LLC lifted their target price on Global-E Online from $55.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday. Piper Sandler increased their price target on Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Morgan Stanley raised their price target on Global-E Online from $52.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, KeyCorp upped their price objective on shares of Global-E Online from $55.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp lifted its position in Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after acquiring an additional 197 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Global-E Online by 2.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company's stock worth $436,000 after purchasing an additional 200 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Global-E Online by 1.3% during the 4th quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock valued at $930,000 after purchasing an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Global-E Online by 1.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company's stock worth $908,000 after purchasing an additional 260 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Global-E Online by 4.4% during the 3rd quarter. CIBC Asset Management Inc now owns 9,420 shares of the company's stock worth $362,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.

Global-E Online Stock Performance

GLBE stock traded down $11.02 during midday trading on Friday, reaching $50.88. The company's stock had a trading volume of 3,464,590 shares, compared to its average volume of 1,377,397. Global-E Online has a 1 year low of $28.11 and a 1 year high of $63.69. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of -87.73, a PEG ratio of 6.47 and a beta of 1.23. The stock has a fifty day simple moving average of $56.99 and a two-hundred day simple moving average of $45.51.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $262.91 million for the quarter, compared to the consensus estimate of $250.96 million. Global-E Online had a negative net margin of 14.68% and a negative return on equity of 15.05%. The firm's revenue was up 41.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. As a group, analysts forecast that Global-E Online will post -0.47 EPS for the current fiscal year.

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.