Global-E Online Ltd. (NASDAQ:GLBE - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $38.26, but opened at $39.49. Global-E Online shares last traded at $37.60, with a volume of 207,080 shares.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on GLBE. Piper Sandler lifted 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 report on Monday, January 6th. Benchmark reduced their target price on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a report on Thursday, February 20th. KeyCorp upped their price target on Global-E Online from $55.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. The Goldman Sachs Group increased their price target on shares of Global-E Online from $56.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Global-E Online presently has a consensus rating of "Buy" and a consensus target price of $58.33.
Check Out Our Latest Analysis on GLBE
Global-E Online Price Performance
The company's 50-day moving average price is $48.65 and its two-hundred day moving average price is $46.62. The company has a market capitalization of $5.86 billion, a P/E ratio of -81.09, a price-to-earnings-growth ratio of 4.61 and a beta of 1.30.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.01 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 firm had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same period last year, the firm earned $0.22 EPS. The business's quarterly revenue was up 41.8% compared to the same quarter last year. On average, analysts anticipate that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of GLBE. Charles Schwab Investment Management Inc. raised its stake in Global-E Online by 10.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 71,151 shares of the company's stock worth $2,735,000 after buying an additional 6,485 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in Global-E Online by 6.8% during the third quarter. Daiwa Securities Group Inc. now owns 7,800 shares of the company's stock worth $300,000 after purchasing an additional 500 shares during the period. FMR LLC increased its holdings in Global-E Online by 4.1% in the third quarter. FMR LLC now owns 979,371 shares of the company's stock worth $37,647,000 after purchasing an additional 38,597 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Global-E Online by 23.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 51,950 shares of the company's stock worth $1,997,000 after buying an additional 10,000 shares in the last quarter. Finally, Arohi Asset Management PTE Ltd. grew its position in shares of Global-E Online by 128.4% during the 3rd quarter. Arohi Asset Management PTE Ltd. now owns 629,606 shares of the company's stock worth $24,202,000 after buying an additional 353,973 shares during the period. 94.60% of the stock is owned by institutional investors.
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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