Brokerages Set Global-E Online Ltd. (NASDAQ:GLBE) Price Target at $43.09

Global-E Online Ltd. (NASDAQ:GLBE - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $43.09.

A number of analysts have recently commented on the stock. Morgan Stanley lowered shares of Global-E Online from an "overweight" rating to an "equal weight" rating and set a $40.00 price target for the company. in a research note on Friday, October 18th. KeyCorp decreased their target price on shares of Global-E Online from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, August 15th. Piper Sandler reissued a "buy" rating on shares of Global-E Online in a report on Friday, October 18th. Bank of America cut their price objective on Global-E Online from $47.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $48.00 price objective on shares of Global-E Online in a research report on Thursday, August 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cedar Wealth Management LLC boosted its stake in Global-E Online by 32.5% during the third quarter. Cedar Wealth Management LLC now owns 29,030 shares of the company's stock valued at $1,116,000 after buying an additional 7,121 shares during the last quarter. Swiss National Bank boosted its position in shares of Global-E Online by 0.9% during the 3rd quarter. Swiss National Bank now owns 298,920 shares of the company's stock valued at $11,490,000 after acquiring an additional 2,600 shares during the last quarter. RiverPark Advisors LLC increased its position in Global-E Online by 146.3% in the third quarter. RiverPark Advisors LLC now owns 6,036 shares of the company's stock worth $232,000 after purchasing an additional 3,585 shares during the last quarter. CIBC Asset Management Inc raised its stake in Global-E Online by 4.4% during the third quarter. CIBC Asset Management Inc now owns 9,420 shares of the company's stock valued at $362,000 after purchasing an additional 393 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Global-E Online by 38.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 20,345 shares of the company's stock valued at $782,000 after purchasing an additional 5,621 shares during the last quarter. Institutional investors own 94.60% of the company's stock.

Global-E Online Stock Performance

Shares of GLBE traded up $0.27 during trading hours on Friday, hitting $40.05. The company had a trading volume of 611,234 shares, compared to its average volume of 1,084,443. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of -61.20 and a beta of 1.10. Global-E Online has a 52-week low of $27.30 and a 52-week high of $42.88. The firm has a fifty day moving average price of $37.25 and a 200-day moving average price of $34.45.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.03. Global-E Online had a negative net margin of 17.33% and a negative return on equity of 16.41%. The firm had revenue of $168.00 million for the quarter, compared to analysts' expectations of $165.95 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The business's revenue for the quarter was up 26.0% on a year-over-year basis. Research analysts anticipate that Global-E Online will post -0.5 earnings per share 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.