According to Bloomberg, the nine investment firms presently following Global-e Online Ltd’s stock (NASDAQ: GLBE) have collectively given the company an average rating of “buy.” This information was obtained from the firms’ tracking of the company. Nine different financial analysts specialize in investments, all of which recommend that investors purchase the stock.
Brokerage firms that assigned ratings to the stock in the previous year have, on average, projected a price of $36.00 for the stock within the next 12 months.
This price was determined by taking the average of the ratings that they assigned to the stock.
Several industry professionals have provided recent commentary on the GLBE stock.
A research report by Goldman Sachs Group that was published on Monday, January 9, lowered both the “buy” rating and price objective that the company had previously held on shares of Global-e Online to $26.00 and $33.00, respectively.
This information was included in the report. Needham & Company LLC reaffirmed a “buy” rating on shares of Global-e Online and set a price objective of $44.00 for the company in a research report released on Thursday, February 23.
In a research report distributed on Friday, December 16, Morgan Stanley lowered their “overweight” rating and price target on shares of Global-e Online, which had previously been set at $48, to $37.00.
The report was about the company’s performance.
Piper Sandler upgraded Global-e Online from an “underweight” rating to an “overweight” rating. She increased their price objective on the stock from $27.00 to $34.00 in a report published on Thursday, February 23.
In a research report released on Thursday, February 23, KeyCorp gave the company an “overweight” rating and increased their price objective on shares of Global-e Online from $30.00 to $35.00.
The report was about the company’s quarterly earnings.
In addition, the company increased its price target on shares of Global-e Online.
In the most recent few months, several institutional investors and hedge funds have rebalanced the proportion of their holdings invested in the company.
Through the fourth quarter, Rockefeller Capital Management L.P. was able to amass an additional 23.0% of the ownership stake they hold in Global-e Online. Rockefeller Capital Management L.P. now has 2,025 shares following the purchase of an additional 378 shares during the most recent quarter.
The value of Rockefeller Capital Management L.P.’s entire holding in the company is now $41,000.
During the last quarter of 2018, Trust Financial Corporation allocated an additional 4.0 percent of its portfolio to investments in Global-e Online.
Trust Financial Corp. now has 16,810 shares in the company, which have a value of $347,000 due to the purchase of 654 additional shares during the most recent fiscal quarter.
Invested approximately $4,327,000 during the fourth quarter of 2018 to acquire a new interest in Global-e Online.
During the final three months of 2018, Clay Northam Wealth Management LLC made a new investment in Global-e Online.
The total cost of this investment was close to $291,000 for the company.
The State of Wyoming spent approximately 105,000 dollars during the fourth quarter to acquire a new share of Global-e Online.
This purchase brought the state’s total investment in the company to approximately 105,000 dollars.
Institutional investors and hedge funds collectively own 61.12% of the company’s shares as of the end of the most recent reporting period.
When trading started on Friday, the price of a share of Global-e was $28.74 per share.
The company’s price-to-earnings ratio, which is -22.99, and its beta value, which is 1.25, are extremely low.
The company has a market capitalization of $4.47 billion at present.
During the previous year, the price of Global-e Online fluctuated from $15.63 to $37.65, with an average price of $37.65 being charged.
The moving average price of the company over the past 200 days is $25.54, and the moving average price over the last 50 days is $27.44.
The most recent quarterly results report for Global-e Online, traded on the NASDAQ under the symbol GLBE, became available on February 22.
Earnings per share for the quarter reported by the company came in at $0.18, which was $0.12 more than the consensus estimate of $0.30 from market experts.
According to various estimates provided by analysts, the revenue for the current quarter could come in anywhere from $138.70 million to $139.87 million.
The return on equity for Global-e Online was negative, coming in at 16.07%, and the net margin for the company was also negative, coming in at 47.77%.
The revenue of Global-e Online saw a significant increase of 69.1% compared to the same quarter in the previous year. Compared to the previous year’s results, each share of the company’s common stock generated a profit of $0.01 for the shareholder.
The analysts who follow the equity markets forecast that Global-e Online will post a loss of $0.98 per share for the current fiscal year.
Global-E Online Ltd and its subsidiaries provide a platform that facilitates and speeds up the cross-border e-commerce process conducted directly with consumers in several countries worldwide, including Israel, the United Kingdom, the United States, and other countries.
By utilizing the platform this company provides, companies worldwide can sell and purchase goods and services from individuals based in other countries.
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