Is Global-e Online Ltd. (NASDAQ:GLBE) being unfairly punished by investors?

The price of Global-e Online Ltd. (NASDAQ:GLBE) shares last traded on Wall Street rose 0.49% to $42.72.

Based on available information, 10 analysts follow Global-e Online Ltd. (NASDAQ:GLBE). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $54.00 and a low of $34.00, we find $40.00. Given the previous closing price of $42.51, this indicates a potential downside of -5.9 percent. GLBE stock price is now 25.37% away from the 50-day moving average and 53.30% away from the 200-day moving average. The market capitalization of the company currently stands at $6.90B.

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Among analysts, 0 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $41.80 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).

A total of 21.73% 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 SCHONFELD STRATEGIC ADVISORS LLC during the first quarter worth $46,467,000. SPYGLASS CAPITAL MANAGEMENT LLC invested $38,556,000 in shares of GLBE during the first quarter. In the first quarter, MARCHO PARTNERS LLP acquired a new stake in Global-e Online Ltd. valued at approximately $36,482,000. MEITAV INVESTMENT HOUSE LTD acquired a new stake in GLBE for approximately $19,818,000. PIER CAPITAL, LLC purchased a new stake in GLBE valued at around $10,305,000 in the second quarter. In total, there are 172 active investors with 70.10% ownership of the company’s stock.

A candlestick chart of Global-e Online Ltd. (NASDAQ: GLBE) showed a price of $43.74 on Thursday morning. During the past 12 months, Global-e Online Ltd. has had a low of $18.14 and a high of $42.97. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.10, and a quick ratio of 2.10. The fifty day moving average price for GLBE is $34.35 and a two-hundred day moving average price translates $27.91 for the stock.

The latest earnings results from Global-e Online Ltd. (NASDAQ: GLBE) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at -$0.26, beating analysts’ expectations of -$0.29 by 0.03. This compares to -$0.35 EPS in the same period last year. The net profit margin was -41.10% and return on equity was -20.00% for GLBE. The company reported revenue of $117.63 million for the quarter, compared to $76.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 54.12 percent. For the current quarter, analysts expect GLBE to generate $127.98M 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. The company was incorporated in 2013 and is headquartered in Petah Tikva, Israel.

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