Global-E Online Ltd. (NASDAQ:GLBE – Get Free Report) has received an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $43.00.
A number of equities analysts have recently weighed in on GLBE shares. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Global-E Online in a research report on Friday, April 5th. The Goldman Sachs Group boosted their price target on Global-E Online from $36.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Piper Sandler restated an “overweight” rating and set a $50.00 price objective on shares of Global-E Online in a report on Thursday, February 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $40.00 target price on shares of Global-E Online in a research note on Monday, April 1st.
Read Our Latest Report on GLBE
Hedge Funds Weigh In On Global-E Online
Global-E Online Price Performance
Shares of Global-E Online stock opened at $33.53 on Monday. Global-E Online has a 1 year low of $26.01 and a 1 year high of $45.72. The business has a 50 day moving average price of $35.07 and a 200 day moving average price of $36.26. The company has a market capitalization of $5.51 billion, a P/E ratio of -41.40 and a beta of 1.10.
Global-E Online (NASDAQ:GLBE – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Global-E Online had a negative net margin of 23.48% and a negative return on equity of 19.33%. The company had revenue of $185.40 million for the quarter, compared to analyst estimates of $181.74 million. During the same period in the previous year, the business earned ($0.18) EPS. The firm’s revenue was up 32.5% on a year-over-year basis. As a group, research analysts expect that Global-E Online will post -0.5 EPS for the current fiscal year.
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, 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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