In yesterday’s Wall Street session, Global-E Online Ltd. (NASDAQ:GLBE) shares traded at $18.62, down -1.27% from the previous session.
9 analysts cover Global-E Online Ltd. (NASDAQ:GLBE), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $46.00 and a low of $27.00, we find $35.00. Given the previous closing price of $18.86, this indicates a potential upside of 85.58 percent. GLBE stock price is now -16.09% away from the 50-day moving average and -26.74% away from the 200-day moving average. The market capitalization of the company currently stands at $2.94B.
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The stock has received a hold rating from 0 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $35.44 as their price target over the next twelve months.
With the price target of $89, Goldman recently initiated with Buy rating for Global-E Online Ltd. (NASDAQ: GLBE). On December 08, 2021, BofA Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $80, while ‘Needham’ rates the stock as ‘Buy’.
A total of 23.34% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GLBE stock. A new stake in Global-E Online Ltd. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $27,250,000. 1832 ASSET MANAGEMENT L.P. invested $24,392,000 in shares of GLBE during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in Global-E Online Ltd. valued at approximately $23,311,000. CAAS CAPITAL MANAGEMENT LP acquired a new stake in GLBE for approximately $8,646,000. SPHERA FUNDS MANAGEMENT LTD. purchased a new stake in GLBE valued at around $5,799,000 in the second quarter. In total, there are 167 active investors with 70.10% ownership of the company’s stock.
On Wednesday morning Global-E Online Ltd. (NASDAQ: GLBE) stock kicked off with the opening price of $18.54. During the past 12 months, Global-E Online Ltd. has had a low of $15.63 and a high of $66.78. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for GLBE is $22.19 and a two-hundred day moving average price translates $25.42 for the stock.
The latest earnings results from Global-E Online Ltd. (NASDAQ: GLBE) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at -$0.31, missing analysts’ expectations of -$0.3 by -0.01. This compares to -$0.19 EPS in the same period last year. The net profit margin was -53.80% and return on equity was -21.90% for GLBE. The company reported revenue of $105.56 million for the quarter, compared to $59.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 78.55 percent. For the current quarter, analysts expect GLBE to generate $100.92M in revenue.
Global-E Online Ltd.(GLBE) 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. Global-E Online Ltd. was incorporated in 2013 and is headquartered in Petah Tikva, Israel.
