Global-e Online (NASDAQ: GLBE – Get an Assessment) had its price target lowered by investment analysts Needham & Company LLC from $75.00 to $25.00 in a research report released Tuesday to clients and investors, reports The Fly. Needham & Company LLC’s price target indicates a potential upside of 30.34% from the company’s current price.
GLBE has been the subject of several other reports. KeyCorp cut its price target on Global-e Online shares from $45.00 to $25.00 in a research report on Tuesday. JMP Securities lowered its price target on Global-e Online shares from $80.00 to $41.00 in a research report released Tuesday. Goldman Sachs Group lowered its price target on Global-e Online shares from $78.00 to $50.00 and set a “buy” rating on the stock in a Friday 8th research report april. Piper Sandler cut her price target on Global-e Online shares from $58.00 to $30.00 in a research report on Tuesday. Finally, Raymond James cut his target price on Global-e Online shares from $55.00 to $25.00 in a report released on Tuesday. One financial analyst has assigned the stock a sell rating and nine have assigned the stock a buy rating. According to MarketBeat, Global-e Online currently has an average rating of “Buy” and a consensus price target of $41.89.
NASDAQ: GLBE opened at $19.18 on Tuesday. Global-e Online has a fifty-two week minimum of $15.87 and a fifty-two week maximum of $83.77. The stock has a market capitalization of $2.73 billion and a PE ratio of -28.63. The company’s fifty-day simple moving average is $28.68 and its 200-day simple moving average is $42.10.
Global-e Online (NASDAQ:GLBE – Get Rating) last released its quarterly earnings data on Wednesday, February 16. The company reported EPS of $0.01 for the quarter, reaching the consensus estimate of $0.01. Global-e Online recorded a negative net margin of 30.55% and a positive return on equity of 0.75%. The company posted revenue of $82.70 million for the quarter, versus analyst estimates of $77.63 million. Global-e Online’s quarterly revenue increased by 54.3% compared to the same quarter last year. On average, analysts expect Global-e Online to post 0.08 EPS for the current year.
A number of large investors have recently increased or reduced their stakes in the company. Forerunner Ventures Management LLC purchased a new position in shares of Global-e Online during Q1 for a value of approximately $437,000. Goldman Sachs Group Inc. increased its equity stake in Global-e Online by 511.3% during Q1. Goldman Sachs Group Inc. now owns 521,415 shares of the company worth $17,613,000 after acquiring an additional 436,124 shares during the period. SRS Investment Management LLC increased its equity stake in Global-e Online by 17.6% during the 1st quarter. SRS Investment Management LLC now owns 3,989,461 shares of the company worth $134,764,000 after acquiring an additional 596,760 shares during the period. Viking Global Investors LP increased its holdings of Global-e Online shares by 1.8% in Q1. Viking Global Investors LP now owns 5,128,448 shares of the company worth $173,239,000 after acquiring an additional 89,557 shares during the period. Finally, Captrust Financial Advisors increased its equity stake in Global-e Online by 19,195.0% during the 1st quarter. Captrust Financial Advisors now owns 3,859 shares of the company worth $130,000 after acquiring 3,839 additional shares during the period. Institutional investors hold 69.42% of the company’s shares.
About Global-e Online (Get a rating)
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 UK, the US and internationally. Its platform allows international buyers to buy online and merchants to sell from and to all over the world.
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