Global-e Online (NASDAQ:GLBE) Sees Large Volume Increase – What’s Next?

Shares of Global-e Online Ltd. (NASDAQ:GLBE) saw unusually-high trading volume on Friday . Approximately 2,267,894 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 1,839,172 shares.The stock last traded at $35.97 and had previously closed at $36.57.

Analyst Upgrades and Downgrades

GLBE has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a research report on Thursday, July 17th. Zacks Research upgraded Global-e Online to a “hold” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Global-e Online in a research report on Saturday, September 27th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.33.

Global-e Online Price Performance

The company has a 50 day moving average price of $34.42 and a two-hundred day moving average price of $34.09. The stock has a market cap of $6.00 billion, a PE ratio of -208.06, a PEG ratio of 1.89 and a beta of 1.25.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The firm had revenue of $214.88 million during the quarter, compared to analysts’ expectations of $207.95 million. During the same quarter in the previous year, the business earned ($0.13) earnings per share. The company’s revenue was up 27.9% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Berbice Capital Management LLC purchased a new position in shares of Global-e Online in the first quarter worth $36,000. Assetmark Inc. purchased a new stake in Global-e Online during the first quarter valued at $45,000. Virtus Advisers LLC purchased a new stake in Global-e Online during the second quarter valued at $47,000. Geneos Wealth Management Inc. increased its position in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock valued at $50,000 after acquiring an additional 488 shares during the last quarter. Hedge funds and other institutional investors 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.