Global-E Online (NASDAQ:GLBE) Posts Earnings Results, Beats Expectations By $0.02 EPS

Global-E Online (NASDAQ:GLBE) announced its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02, Zacks reports. Global-E Online had a negative return on equity of 15.05% and a negative net margin of 14.68%. Global-E Online updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Global-E Online Stock Performance

Global-E Online stock opened at $61.90 on Wednesday. Global-E Online has a 52 week low of $28.11 and a 52 week high of $63.69. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of -106.72, a P/E/G ratio of 6.47 and a beta of 1.23. The company has a 50 day moving average price of $56.99 and a 200 day moving average price of $45.51.

Analysts Set New Price Targets

GLBE has been the topic of a number of recent research reports. Benchmark raised their price target on shares of Global-E Online from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Jefferies Financial Group upped their target price on Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Wells Fargo & Company raised their price target on Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Needham & Company LLC restated a “buy” rating and set a $48.00 price objective on shares of Global-E Online in a research note on Monday, November 18th. Finally, Morgan Stanley raised their target price on Global-E Online from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.33.

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.