Piper Sandler Issues Positive Forecast for Global-e Online (NASDAQ:GLBE) Stock Price

Global-e Online (NASDAQ:GLBE) had its target price raised by Piper Sandler from $42.00 to $48.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Global-e Online in a report on Thursday. Zacks Research raised Global-e Online to a “hold” rating in a research report on Friday, August 8th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Monday. Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their target price on shares of Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.45.

Global-e Online Stock Performance

Shares of Global-e Online stock traded up $0.15 during trading on Thursday, hitting $35.54. The company’s stock had a trading volume of 163,817 shares, compared to its average volume of 1,770,487. Global-e Online has a 52 week low of $26.64 and a 52 week high of $63.69. The company has a market capitalization of $6.03 billion, a PE ratio of 1,181.23, a P/E/G ratio of 1.83 and a beta of 1.25. The company has a fifty day simple moving average of $35.57 and a two-hundred day simple moving average of $34.24.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Global-e Online had a net margin of 0.82% and a return on equity of 0.82%. The business had revenue of $220.78 million for the quarter, compared to analysts’ expectations of $217.95 million. During the same quarter in the prior year, the company earned ($0.13) earnings per share. The business’s revenue was up 25.5% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts predict that Global-e Online will post 0.25 EPS for the current year.

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

Hedge Funds Weigh In On Global-e Online

A number of institutional investors and hedge funds have recently made changes to their positions in GLBE. Assetmark Inc. purchased a new stake in Global-e Online during the first quarter valued at approximately $45,000. Virtus Advisers LLC bought a new stake in shares of Global-e Online during the 2nd quarter valued at $47,000. Geneos Wealth Management Inc. increased its stake in shares of Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Global-e Online by 52.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock worth $50,000 after purchasing an additional 488 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after purchasing an additional 1,616 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.