Shares of Global-E Online Ltd. (NASDAQ:GLBE – Get Free Report) have received a consensus recommendation of “Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have covered the stock in the last year is $42.82.
Several analysts have recently weighed in on GLBE shares. Morgan Stanley boosted their target price on Global-E Online from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Bank of America cut their price target on shares of Global-E Online from $47.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, August 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $43.00 price objective on shares of Global-E Online in a research report on Monday, July 1st. KeyCorp reduced their price target on shares of Global-E Online from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $46.00 price target on shares of Global-E Online in a research note on Wednesday, July 10th.
Check Out Our Latest Analysis on Global-E Online
Institutional Inflows and Outflows
Global-E Online Stock Up 0.2 %
Shares of GLBE opened at $38.05 on Thursday. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of -51.42 and a beta of 1.09. Global-E Online has a 52-week low of $27.30 and a 52-week high of $42.88. The stock has a 50 day moving average price of $34.62 and a 200 day moving average price of $33.72.
Global-E Online (NASDAQ:GLBE – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. Global-E Online had a negative net margin of 17.33% and a negative return on equity of 16.41%. The business had revenue of $168.00 million during the quarter, compared to analysts’ expectations of $165.95 million. During the same quarter in the prior year, the business posted ($0.22) EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, equities analysts anticipate that Global-E Online will post -0.5 EPS for the current fiscal year.
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.
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