Global-E Online (NASDAQ:GLBE - Get Free Report) had its target price dropped by equities research analysts at UBS Group from $68.00 to $64.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target points to a potential upside of 45.22% from the stock's current price.
A number of other equities research analysts also recently weighed in on GLBE. KeyCorp lifted their target price on Global-E Online from $55.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Benchmark lowered their price objective on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Piper Sandler increased their target price on shares of Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Needham & Company LLC raised their price target on shares of Global-E Online from $55.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Finally, Morgan Stanley upped their price objective on shares of Global-E Online from $52.00 to $55.00 and gave the company an "equal weight" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.58.
View Our Latest Report on GLBE
Global-E Online Stock Performance
Shares of NASDAQ:GLBE traded down $0.03 during trading on Friday, reaching $44.07. The stock had a trading volume of 2,306,367 shares, compared to its average volume of 1,563,068. Global-E Online has a 52 week low of $28.11 and a 52 week high of $63.69. The firm's fifty day moving average is $56.23 and its 200 day moving average is $45.90. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of -100.16, a P/E/G ratio of 4.61 and a beta of 1.23.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. Global-E Online's revenue for the quarter was up 41.8% on a year-over-year basis. On average, research analysts forecast that Global-E Online will post 0.25 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Global-E Online
A number of hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its stake in shares of Global-E Online by 69.1% in the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after purchasing an additional 197 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in 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 buying an additional 200 shares in the last quarter. Voya Investment Management LLC raised its position in Global-E Online by 1.3% in the 4th quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock valued at $930,000 after buying an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Global-E Online by 1.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company's stock valued at $908,000 after acquiring an additional 260 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings 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 acquiring an additional 393 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.
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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