Global-e Online Ltd. (NASDAQ:GLBE) Receives $48.33 Consensus Target Price from Brokerages

Shares of Global-e Online Ltd. (NASDAQ:GLBE) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $48.3333.

A number of equities analysts have issued reports on GLBE shares. Truist Financial increased their price target on Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a report on Thursday, July 17th. Zacks Research upgraded Global-e Online to a “hold” rating in a report on Friday, August 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a report on Saturday, September 27th.

Global-e Online Stock Down 3.3%

GLBE stock opened at $35.37 on Monday. The business has a 50-day simple moving average of $34.42 and a 200 day simple moving average of $34.07. Global-e Online has a 52 week low of $26.64 and a 52 week high of $63.69. The company has a market cap of $6.00 billion, a PE ratio of -208.06, a price-to-earnings-growth ratio of 1.89 and a beta of 1.25.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The company had revenue of $214.88 million during the quarter, compared to the consensus estimate of $207.95 million. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. The firm’s revenue was up 27.9% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Global-e Online will post 0.25 EPS for the current fiscal year.

Global-e Online declared that its board has initiated a share repurchase program on Thursday, September 4th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Global-e Online

A number of institutional investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new stake in Global-e Online in the 1st quarter valued at $1,165,000. Barton Investment Management grew its holdings in Global-e Online by 3.4% during the 1st quarter. Barton Investment Management now owns 1,036,767 shares of the company’s stock valued at $36,961,000 after buying an additional 34,080 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in Global-e Online during the first quarter valued at approximately $691,000. Penserra Capital Management LLC grew its stake in Global-e Online by 61.0% during the first quarter. Penserra Capital Management LLC now owns 131,622 shares of the company’s stock valued at $4,691,000 after acquiring an additional 49,852 shares in the last quarter. Finally, Retirement Systems of Alabama bought a new stake in shares of Global-e Online during the 1st quarter valued at about $1,397,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-e Online Company Profile

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.