Global-E Online Ltd. (NASDAQ:GLBE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Global-E Online Ltd. (NASDAQ:GLBE) has been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $59.58.

GLBE has been the topic of several analyst reports. Wells Fargo & Company boosted their target price on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. KeyCorp increased their target price on shares of Global-E Online from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. UBS Group dropped their price target 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 Friday. Jefferies Financial Group increased their price objective on shares of Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC raised their price objective on shares of Global-E Online from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday.

Global-E Online Price Performance

NASDAQ:GLBE opened at $45.07 on Friday. Global-E Online has a 1 year low of $28.11 and a 1 year high of $63.69. The stock’s 50 day simple moving average is $56.49 and its two-hundred day simple moving average is $45.75. The company has a market cap of $7.40 billion, a price-to-earnings ratio of -102.43, a PEG ratio of 4.61 and a beta of 1.23.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The business had revenue of $262.91 million for the quarter, compared to the consensus estimate of $250.96 million. During the same quarter in the previous year, the company posted $0.22 EPS. The company’s revenue was up 41.8% compared to the same quarter last year. As a group, analysts anticipate that Global-E Online will post 0.25 EPS for the current year.

Institutional Trading of Global-E Online

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp raised its holdings in shares of Global-E Online by 7.1% in the fourth quarter. Mackenzie Financial Corp now owns 6,740 shares of the company’s stock valued at $368,000 after acquiring an additional 448 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Global-E Online during the 4th quarter worth $356,000. USS Investment Management Ltd purchased a new stake in Global-E Online in the fourth quarter valued at about $3,336,000. Voloridge Investment Management LLC purchased a new position in shares of Global-E Online in the fourth quarter worth about $14,319,000. Finally, Whitebark Investors LP acquired a new stake in Global-E Online during the fourth quarter worth about $17,023,000. 94.60% of the stock is currently owned by institutional investors.

About Global-E Online

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.