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Global-e Online Ltd. (NASDAQ:GLBE) Given Average Rating of "Buy" by Analysts

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Global-e Online Ltd. (NASDAQ:GLBE – Get Rating) has earned a consensus recommendation of "Buy" from the nine analysts that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $40.89.

GLBE has been the topic of several research reports. Needham & Company LLC upped their price target on Global-e Online from $25.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, August 17th. Morgan Stanley boosted their target price on shares of Global-e Online from $34.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, August 17th. Raymond James boosted their target price on shares of Global-e Online from $25.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, August 17th. Bank of America boosted their target price on shares of Global-e Online from $30.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 17th. Finally, KeyCorp boosted their target price on shares of Global-e Online from $30.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, August 17th.

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Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GLBE. Asset Management One Co. Ltd. raised its position in Global-e Online by 22.9% in the second quarter. Asset Management One Co. Ltd. now owns 2,418 shares of the company's stock worth $48,000 after purchasing an additional 451 shares in the last quarter. Focused Wealth Management Inc grew its stake in Global-e Online by 31.6% during the second quarter. Focused Wealth Management Inc now owns 2,500 shares of the company's stock worth $50,000 after buying an additional 600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Global-e Online during the second quarter valued at approximately $54,000. Tortoise Index Solutions LLC grew its stake in shares of Global-e Online by 42.0% during the second quarter. Tortoise Index Solutions LLC now owns 3,014 shares of the company's stock valued at $61,000 after purchasing an additional 891 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new stake in shares of Global-e Online during the first quarter valued at approximately $71,000. Institutional investors and hedge funds own 68.15% of the company's stock.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $27.08 on Friday. Global-e Online has a 12 month low of $15.63 and a 12 month high of $77.38. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of -27.08 and a beta of 1.24. The stock's 50 day moving average price is $29.62 and its 200 day moving average price is $26.54.

Global-e Online (NASDAQ:GLBE – Get Rating) last posted its quarterly earnings results on Tuesday, August 16th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.01. The company had revenue of $87.31 million for the quarter, compared to analysts' expectations of $83.50 million. Global-e Online had a negative return on equity of 6.60% and a negative net margin of 50.20%. The firm's revenue was up 52.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 earnings per share. On average, sell-side analysts expect that Global-e Online will post -1.24 EPS for the current year.

Global-e Online Company Profile

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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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