Global-e Online Ltd. (NASDAQ:GLBE – Get Rating) shares gapped down prior to trading on Friday . The stock had previously closed at $32.74, but opened at $30.91. Global-e Online shares last traded at $31.77, with a volume of 81,215 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Raymond James reduced their target price on shares of Global-e Online from $40.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, November 17th. Piper Sandler reduced their target price on Global-e Online from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, November 17th. The Goldman Sachs Group lowered their target price on shares of Global-e Online from $33.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, January 9th. KeyCorp reduced their price target on shares of Global-e Online from $40.00 to $30.00 and set an "overweight" rating on the stock in a research note on Thursday, November 17th. Finally, Jefferies Financial Group lowered their price objective on shares of Global-e Online from $42.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, November 17th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $34.67.
Get Global-e Online alerts:Global-e Online Stock Down 7.2 %
The stock has a market capitalization of $4.73 billion, a P/E ratio of -24.90 and a beta of 1.23. The stock's 50 day moving average price is $23.12 and its 200-day moving average price is $25.66.
Global-e Online (NASDAQ:GLBE – Get Rating) last issued its quarterly earnings data on Wednesday, November 16th. The company reported ($0.41) earnings per share 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 for the quarter, compared to analysts' expectations of $101.48 million. Analysts anticipate that Global-e Online Ltd. will post -1.37 earnings per share for the current year.Institutional Trading of Global-e Online
Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its position in Global-e Online by 446.5% during the 4th quarter. SG Americas Securities LLC now owns 72,540 shares of the company's stock valued at $1,497,000 after buying an additional 59,266 shares in the last quarter. ProShare Advisors LLC boosted its stake in Global-e Online by 31.0% in the 4th quarter. ProShare Advisors LLC now owns 12,947 shares of the company's stock worth $267,000 after purchasing an additional 3,065 shares in the last quarter. Triumph Capital Management increased its stake in Global-e Online by 28.2% during the 4th quarter. Triumph Capital Management now owns 12,978 shares of the company's stock valued at $268,000 after purchasing an additional 2,851 shares in the last quarter. Barton Investment Management raised its holdings in shares of Global-e Online by 117.6% in the fourth quarter. Barton Investment Management now owns 376,745 shares of the company's stock worth $7,776,000 after buying an additional 203,572 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Global-e Online by 110.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 758,494 shares of the company's stock worth $15,655,000 after buying an additional 397,516 shares during the last quarter. Institutional investors and hedge funds own 61.12% of the company's stock.
About Global-e Online
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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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