Global-e Online (NASDAQ:GLBE) Sees Large Volume Increase – What’s Next?

Shares of Global-e Online Ltd. (NASDAQ:GLBE) saw an uptick in trading volume on Friday . 2,267,894 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 1,839,172 shares.The stock last traded at $35.97 and had previously closed at $36.57.

Analysts Set New Price Targets

Several brokerages have commented on GLBE. Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a research note on Saturday, September 27th. Zacks Research raised Global-e Online to a “hold” rating in a report on Friday, August 8th. Finally, Truist Financial raised their price target on Global-e Online from $31.00 to $32.00 and gave the company a “sell” rating in a report on Thursday, July 17th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Global-e Online currently has a consensus rating of “Moderate Buy” and an average target price of $48.33.

Global-e Online Trading Down 3.3%

The stock has a 50 day simple moving average of $34.42 and a 200 day simple moving average of $34.09. The firm has a market capitalization of $6.00 billion, a PE ratio of -208.06, a PEG ratio of 1.89 and a beta of 1.25.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $214.88 million for the quarter, compared to analysts’ expectations of $207.95 million. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online declared that its Board of Directors has approved a share buyback program on Thursday, September 4th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Global-e Online

A number of large investors have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Global-e Online in the 1st quarter worth approximately $1,165,000. Barton Investment Management grew its position in shares of Global-e Online by 3.4% in the 1st quarter. Barton Investment Management now owns 1,036,767 shares of the company’s stock worth $36,961,000 after buying an additional 34,080 shares during the last quarter. Menora Mivtachim Holdings LTD. bought a new stake in shares of Global-e Online in the 1st quarter worth approximately $691,000. Penserra Capital Management LLC grew its position in shares of Global-e Online by 61.0% in the 1st quarter. Penserra Capital Management LLC now owns 131,622 shares of the company’s stock worth $4,691,000 after buying an additional 49,852 shares during the last quarter. Finally, Retirement Systems of Alabama bought a new stake in shares of Global-e Online in the 1st quarter worth approximately $1,397,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

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.