Global-e Online Ltd. (NASDAQ:GLBE) shares traded -1.33% lower at $41.42 on Wall Street last session.
In accordance with the data, 10 analysts cover Global-e Online Ltd. (NASDAQ:GLBE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $54.00 and a low of $40.00, we find $44.50. Given the previous closing price of $41.98, this indicates a potential upside of 6.0 percent. GLBE stock price is now 5.25% away from the 50-day moving average and 40.87% away from the 200-day moving average. The market capitalization of the company currently stands at $6.49B.
It has been rated a hold by 2 analysts and a buy by 7. Brokers who have rated the stock have averaged $45.30 as their price target over the next twelve months.
With the price target enhanced from $38 to $45, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Global-e Online Ltd. (NASDAQ: GLBE).
A total of 21.63% 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 $45,053,000. SPYGLASS CAPITAL MANAGEMENT LLC invested $37,382,000 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 $35,372,000. PIER CAPITAL, LLC acquired a new stake in GLBE for approximately $9,991,000. 1832 ASSET MANAGEMENT L.P. purchased a new stake in GLBE valued at around $9,941,000 in the second quarter. In total, there are 194 active investors with 70.10% ownership of the company’s stock.
During the past 12 months, Global-e Online Ltd. has had a low of $18.14 and a high of $45.72. 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 $39.48 and a two-hundred day moving average price translates $29.50 for the stock.
The latest earnings results from Global-e Online Ltd. (NASDAQ: GLBE) was released for Mar, 2023. 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.
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.
