2,099 shares of Global-e Online Ltd. (NASDAQ: GLBE) purchased by Prospera Financial Services Inc.
Prospera Financial Services Inc acquired a new position in shares of Global-e Online Ltd. (NASDAQ: GLBE – Get a rating) in Q1, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,099 shares of the company, valued at around $71,000.
Several other institutional investors and hedge funds have also recently increased or reduced their stake in GLBE. Tortoise Index Solutions LLC purchased a new position in Global-e Online during the fourth quarter worth approximately $87,000. Rockefeller Capital Management LP bought a new position in Global-e Online during the fourth quarter worth approximately $95,000. Asset Management One Co. Ltd. bought a new position in Global-e Online during the fourth quarter worth approximately $97,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Global-e Online during the fourth quarter, valued at approximately $169,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Global-e Online during the fourth quarter worth approximately $189,000. 69.42% of the shares are currently held by institutional investors.
A Wall Street analyst gives his opinion
Several brokerages have recently released reports on GLBE. Raymond James lowered his price target on Global-e Online from $55.00 to $25.00 in a research note on Tuesday, May 17. Piper Sandler reduced its target price on Global-e Online from $30.00 to $28.00 and set an “overweight” rating for the company in a Monday, July 18 research report. Needham & Company LLC lowered its price target on Global-e Online from $75.00 to $25.00 and set a “buy” rating on the stock in a Tuesday, May 17 research report. Jefferies Financial Group reduced its target price on Global-e Online shares from $70.00 to $31.00 in a Tuesday, May 17 research note. Finally, KeyCorp raised its price target on Global-e Online shares from $25.00 to $30.00 and gave the stock an “overweight” rating in a Thursday, July 7 research report. Nine equity research analysts rated the stock with a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $40.11.
Global-e Online Equity Performance
NASDAQ: GLBE opened at $27.23 on Monday. The company has a market capitalization of $4.24 billion, a price-earnings ratio of -28.97 and a beta of 1.67. The stock’s fifty-day moving average price is $22.00 and its two-hundred-day moving average price is $27.64. Global-e Online Ltd. has a 52-week low of $15.63 and a 52-week high of $83.77.
Global-e online (NASDAQ: GLBE – Get a rating) last released its quarterly results on Monday, May 16. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company posted revenue of $76.32 million for the quarter, versus analyst estimates of $75.67 million. Global-e Online recorded a negative net margin of 46.02% and a negative return on equity of 0.18%. On average, stock analysts predict that Global-e Online Ltd. will show -1.17 EPS for the current fiscal year.
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 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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