Brokerages Set Global-E Online Ltd. (NASDAQ:GLBE) Price Target at $59.08

Shares of Global-E Online Ltd. (NASDAQ:GLBE) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $59.08.

GLBE has been the topic of a number of recent research reports. JMP Securities increased their target price on Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 21st. Raymond James lifted their price target on Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company decreased their price target on Global-E Online from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group boosted their price objective on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Piper Sandler upped their price target on Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, January 6th.

Global-E Online Stock Performance

Shares of NASDAQ GLBE opened at $36.09 on Thursday. The stock has a 50 day moving average price of $52.02 and a 200 day moving average price of $46.39. The stock has a market capitalization of $5.93 billion, a PE ratio of -82.02, a price-to-earnings-growth ratio of 4.61 and a beta of 1.30. Global-E Online has a 52 week low of $28.11 and a 52 week high of $63.69.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. As a group, research analysts forecast that Global-E Online will post 0.25 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ bought a new stake in Global-E Online during the 4th quarter worth approximately $1,180,000. Siemens Fonds Invest GmbH bought a new position in shares of Global-E Online in the fourth quarter valued at approximately $124,000. Polar Asset Management Partners Inc. bought a new position in Global-E Online during the fourth quarter valued at $3,883,000. Mackenzie Financial Corp grew its holdings in Global-E Online by 7.1% during the fourth quarter. Mackenzie Financial Corp now owns 6,740 shares of the company’s stock valued at $368,000 after purchasing an additional 448 shares during the period. Finally, PharVision Advisers LLC bought a new position in Global-E Online during the fourth quarter valued at $356,000. 94.60% of the stock is owned by institutional investors and hedge funds.

About Global-E Online

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.