Global-E Online (NASDAQ:GLBE - Get Free Report) issued its earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02, Zacks reports. The business 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 10.04% and a negative return on equity of 8.60%. The business's quarterly revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Global-E Online updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.
Global-E Online Stock Performance
Shares of GLBE stock traded down $1.56 on Friday, hitting $45.07. The stock had a trading volume of 2,911,799 shares, compared to its average volume of 1,475,442. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of -102.43, a P/E/G ratio of 5.03 and a beta of 1.23. The stock's 50 day moving average is $56.72 and its 200-day moving average is $45.56. Global-E Online has a 52-week low of $28.11 and a 52-week high of $63.69.
Analyst Upgrades and Downgrades
GLBE has been the topic of a number of research analyst reports. Benchmark decreased their price objective on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Thursday. Piper Sandler boosted their price objective on shares of Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Wells Fargo & Company boosted their price objective on shares of Global-E Online from $45.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. The Goldman Sachs Group boosted their price objective on shares of Global-E Online from $56.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, UBS Group decreased their price objective on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.58.
View Our Latest Stock Report on Global-E Online
Global-E Online Company Profile
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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.
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