Global-e Online (NASDAQ:GLBE) Price Target Raised to $48.00

Global-e Online (NASDAQ:GLBE) had its target price hoisted by analysts at Piper Sandler from $42.00 to $48.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price points to a potential upside of 35.63% from the company’s current price.

GLBE has been the topic of several other research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Global-e Online in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on shares of Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Benchmark reissued a “buy” rating on shares of Global-e Online in a research note on Monday. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a report on Thursday. Finally, Zacks Research raised shares of Global-e Online to a “hold” rating in a research note on Friday, August 8th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.45.

Global-e Online Stock Performance

Global-e Online stock opened at $35.39 on Thursday. The company has a market capitalization of $6.01 billion, a PE ratio of -208.18, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25. Global-e Online has a fifty-two week low of $26.64 and a fifty-two week high of $63.69. The firm has a 50 day moving average price of $35.59 and a 200 day moving average price of $34.23.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The company had revenue of $220.78 million for the quarter, compared to analysts’ expectations of $217.95 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. The firm’s revenue was up 25.5% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Global-e Online will post 0.25 earnings per share for the current year.

Global-e Online declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 4th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Global-e Online

Several hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in Global-e Online during the 1st quarter worth approximately $45,000. Virtus Advisers LLC acquired a new stake in shares of Global-e Online in the 2nd quarter valued at $47,000. Geneos Wealth Management Inc. lifted its position in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock worth $50,000 after purchasing an additional 488 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online 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.