Global-E Online (NASDAQ:GLBE - Free Report) had its price target hoisted by Morgan Stanley from $52.00 to $55.00 in a report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.
Several other brokerages have also recently issued reports on GLBE. Benchmark upped their target price on shares of Global-E Online from $41.00 to $45.00 and gave the company a "buy" rating in a report on Monday, November 18th. Wells Fargo & Company upped their target price on shares of Global-E Online from $45.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Raymond James upped their target price on shares of Global-E Online from $41.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Jefferies Financial Group upped their target price on shares of Global-E Online from $45.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. Finally, The Goldman Sachs Group upped their target price on shares of Global-E Online from $56.00 to $63.00 and gave the company a "buy" rating in a report on Friday, January 10th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.58.
Read Our Latest Report on Global-E Online
Global-E Online Stock Down 3.3 %
NASDAQ GLBE traded down $1.56 on Tuesday, hitting $45.07. 2,912,627 shares of the stock were exchanged, compared to its average volume of 1,496,865. Global-E Online has a fifty-two week low of $28.11 and a fifty-two week high of $63.69. The company has a market cap of $7.40 billion, a PE ratio of -102.43, a PEG ratio of 5.03 and a beta of 1.23. The company has a 50-day moving average price of $56.72 and a 200-day moving average price of $45.56.
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. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.60%. The company had revenue of $262.91 million during the quarter, compared to analysts' expectations of $250.96 million. During the same quarter in the previous year, the business posted $0.22 EPS. The firm's revenue was up 41.8% on a year-over-year basis. As a group, equities research analysts predict that Global-E Online will post 0.25 EPS for the current fiscal year.
Institutional Trading of Global-E Online
Several institutional investors and hedge funds have recently bought and sold shares of GLBE. Fifth Third Bancorp raised its position in Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after buying an additional 197 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Global-E Online by 2.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company's stock worth $436,000 after buying an additional 200 shares during the last quarter. Voya Investment Management LLC raised its position in Global-E Online by 1.3% during the 4th quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock worth $930,000 after buying an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position 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 worth $908,000 after buying an additional 260 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position 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.
About Global-E Online
(
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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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