Global-e Online (NASDAQ:GLBE) Releases Q2 2021 Earnings Guidance

Global-e Online (NASDAQ:GLBE) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $46.80 million-48.80 million.

Global-e Online stock traded up $3.37 during trading on Thursday, hitting $43.63. The stock had a trading volume of 730,244 shares, compared to its average volume of 802,088. Global-e Online has a 1 year low of $24.22 and a 1 year high of $44.90.

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Global-e Online in a report on Monday. They set a buy rating and a $44.00 target price on the stock. KeyCorp assumed coverage on shares of Global-e Online in a report on Monday. They set an overweight rating and a $42.00 target price on the stock. Piper Sandler assumed coverage on shares of Global-e Online in a report on Monday. They set an overweight rating and a $42.00 target price on the stock. JMP Securities assumed coverage on shares of Global-e Online in a report on Monday. They set an outperform rating and a $43.00 target price on the stock. Finally, Morgan Stanley began coverage on shares of Global-e Online in a report on Monday. They set an overweight rating and a $42.00 target price on the stock. Seven investment analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average price target of $42.57.

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, and internationally. Its platform enables international shoppers to buy online; and merchants to sell from and to anywhere in the world.

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