The Goldman Sachs Group restated their buy rating on shares of Global-E Online (NASDAQ:GLBE – Free Report) in a report published on Monday, Benzinga reports. They currently have a $43.00 price target on the stock.
GLBE has been the topic of several other reports. Bank of America lifted their target price on Global-E Online from $46.00 to $47.00 and gave the company a buy rating in a research note on Tuesday, May 21st. Benchmark reiterated a buy rating and issued a $41.00 price objective on shares of Global-E Online in a research report on Tuesday, May 21st. Morgan Stanley upgraded shares of Global-E Online from an equal weight rating to an overweight rating and upped their price objective for the stock from $33.00 to $37.00 in a research report on Tuesday, May 21st. Wells Fargo & Company reaffirmed an overweight rating and issued a $40.00 target price on shares of Global-E Online in a report on Monday, April 1st. Finally, Needham & Company LLC reissued a buy rating and set a $48.00 price target on shares of Global-E Online in a report on Tuesday, May 21st. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $43.58.
Get Our Latest Research Report on Global-E Online
Global-E Online Trading Down 1.0 %
Global-E Online (NASDAQ:GLBE – Get Free Report) last issued its earnings results on Monday, May 20th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.04. The business had revenue of $145.90 million during the quarter, compared to analysts’ expectations of $141.55 million. Global-E Online had a negative net margin of 20.52% and a negative return on equity of 18.05%. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.26) EPS. As a group, sell-side analysts forecast that Global-E Online will post -0.52 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of GLBE. ARK Investment Management LLC boosted its holdings in Global-E Online by 7.0% in the fourth quarter. ARK Investment Management LLC now owns 1,133,401 shares of the company’s stock valued at $44,917,000 after purchasing an additional 73,753 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Global-E Online by 344.4% during the 4th quarter. Raymond James & Associates now owns 48,802 shares of the company’s stock valued at $1,934,000 after buying an additional 37,821 shares during the last quarter. Contour Asset Management LLC acquired a new stake in shares of Global-E Online during the fourth quarter worth approximately $57,816,000. Nikko Asset Management Americas Inc. increased its stake in shares of Global-E Online by 10.8% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,224,278 shares of the company’s stock worth $88,037,000 after buying an additional 217,415 shares during the last quarter. Finally, SRS Investment Management LLC acquired a new stake in Global-E Online in the fourth quarter valued at $25,071,000. Institutional investors and hedge funds own 94.60% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Global-E Online
- Buy P&G Now, Before It Sets A New All-Time High
- Celebrate July 4th with These Red, White, & Blue Chip Stocks
- Are Penny Stocks a Good Fit for Your Portfolio?
- AbbVie Stock: A Perfect Dip for Investors to Buy
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
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.