Global-e Online (NASDAQ:GLBE) Announces Quarterly Earnings Results

Global-e Online (NASDAQ:GLBE) issued its earnings results on Wednesday. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01, Zacks reports. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%. Global-e Online updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Global-e Online Stock Performance

GLBE stock opened at $37.01 on Wednesday. Global-e Online has a one year low of $26.64 and a one year high of $63.69. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of -217.71, a PEG ratio of 1.87 and a beta of 1.25. The firm has a 50-day simple moving average of $35.62 and a two-hundred day simple moving average of $34.22.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GLBE. The Goldman Sachs Group raised their price target on Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a report on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Global-e Online to a “hold” rating in a report on Friday, August 8th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.91.

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

Institutional Investors Weigh In On Global-e Online

Institutional investors have recently bought and sold shares of the company. Arohi Asset Management PTE Ltd. grew its holdings in Global-e Online by 33.1% in the third quarter. Arohi Asset Management PTE Ltd. now owns 3,757,091 shares of the company’s stock worth $134,354,000 after purchasing an additional 934,207 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Global-e Online by 0.6% during the 3rd quarter. Wasatch Advisors LP now owns 3,443,071 shares of the company’s stock valued at $123,124,000 after purchasing an additional 18,889 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Global-e Online by 47.1% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,273,405 shares of the company’s stock worth $81,297,000 after purchasing an additional 728,309 shares in the last quarter. Man Group plc boosted its position in shares of Global-e Online by 18.2% in the 3rd quarter. Man Group plc now owns 1,503,728 shares of the company’s stock worth $53,773,000 after purchasing an additional 231,007 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Global-e Online by 94.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 941,023 shares of the company’s stock worth $31,562,000 after buying an additional 456,412 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

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.