Global-e Online (NASDAQ:GLBE – Get Rating) had its price objective decreased by equities research analysts at The Goldman Sachs Group from $33.00 to $26.00 in a report issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's price objective would suggest a potential upside of 14.39% from the stock's previous close.
A number of other analysts have also recently commented on GLBE. Morgan Stanley dropped their price target on Global-e Online from $48.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, December 16th. Raymond James lowered their price objective on Global-e Online from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Thursday, November 17th. Jefferies Financial Group lowered their price objective on Global-e Online from $42.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, November 17th. Piper Sandler lowered their price objective on Global-e Online from $30.00 to $27.00 and set an "overweight" rating on the stock in a research report on Thursday, November 17th. Finally, KeyCorp lowered their price objective on Global-e Online from $40.00 to $30.00 and set an "overweight" rating on the stock in a research report on Thursday, November 17th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $34.67.
Get Global-e Online alerts:Global-e Online Trading Up 8.4 %
Global-e Online stock traded up $1.77 during trading hours on Monday, hitting $22.73. 15,511 shares of the stock traded hands, compared to its average volume of 629,124. The firm's 50-day moving average price is $21.37 and its two-hundred day moving average price is $25.20. The company has a market cap of $3.54 billion, a PE ratio of -18.57 and a beta of 0.86. Global-e Online has a one year low of $15.63 and a one year high of $51.40.
Global-e Online (NASDAQ:GLBE – Get Rating) last issued its quarterly earnings results on Wednesday, November 16th. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.10). Global-e Online had a negative return on equity of 13.72% and a negative net margin of 53.83%. The company had revenue of $105.56 million during the quarter, compared to the consensus estimate of $101.48 million. On average, sell-side analysts expect that Global-e Online will post -1.37 earnings per share for the current fiscal year.Institutional Investors Weigh In On Global-e Online
Several hedge funds and other institutional investors have recently modified their holdings of GLBE. Raymond James Financial Services Advisors Inc. increased its stake in shares of Global-e Online by 11.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 35,437 shares of the company's stock worth $1,197,000 after purchasing an additional 3,521 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Global-e Online in the 1st quarter worth $688,000. Sei Investments Co. increased its stake in shares of Global-e Online by 59.7% in the 1st quarter. Sei Investments Co. now owns 235,873 shares of the company's stock worth $7,968,000 after purchasing an additional 88,194 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Global-e Online by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 19,918 shares of the company's stock worth $673,000 after purchasing an additional 571 shares in the last quarter. Finally, Parkwood LLC increased its stake in shares of Global-e Online by 110.7% in the 1st quarter. Parkwood LLC now owns 22,531 shares of the company's stock worth $761,000 after purchasing an additional 11,840 shares in the last quarter. 61.12% of the stock is currently owned by hedge funds and other institutional investors.
Global-e Online Company Profile
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on Global-e Online (GLBE)
- WWE Stock: Vince McMahon Back on Board, Stock Surges
- Block Stock is a Gem Hiding in Plain Sight
- Why Camping World Rose 9% in the First Week of 2023
- Is Big 5 Sporting Goods Stock Finally Putting in a Bottom?
- ZIM Integrated Shipping: Are the Bears Losing Their Grip?
Receive News & Ratings for Global-e Online Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global-e Online and related companies with MarketBeat.com's FREE daily email newsletter.