Streetbeat News

GLBE

Global-e Online Ltd.

https://www.global-e.com

Industry

Specialty Retail

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. Global-E Online Ltd. was incorporated in 2013 and is headquartered in Petah Tikva, Israel.

Open

40.61

Mkt cap

6.7B

Volume

645K

High

40.61

P/E Ratio

-62.97

52-wk high

43.52

Low

39.77

Div yield

N/A

52-wk low

28.11

Global E Online (NASDAQ:GLBE) reported a Q1 EPS of $(0.26), missing the $(0.23) estimate, but achieved sales of $145.90M, beating the $141.48M estimate. Sales increased by 24.03% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:02 am

Cathie Wood's Ark Invest made significant trades, buying shares of Shopify Inc (SHOP) and Reddit Inc (RDDT), and selling Coinbase Global Inc (COIN) shares. The Shopify purchase, valued at $30.24 million, occurred despite an 18.59% plunge in its stock price following Q1 results. Reddit shares were bought for $5.93 million, after reporting strong Q1 results and Q2 guidance. Coinbase shares were sold amid a decline in Bitcoin prices. Other trades included selling shares of Global-E Online Ltd (GLBE), Twilio Inc (TWLO), StoneCo Ltd (STNE), Draftkings Inc (DKNG), Twist Bioscience Corp (TWST), AeroVironment Inc (AVAV), and 2U Inc (TWOU), while buying Rocket Lab USA Inc (RKLB).

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 3:54 am

Global E Online (NYSE:GLBE) has seen a 30.49% increase in short interest, now at 8.36 million shares or 8.73% of float, taking 9.49 days to cover. This rise indicates a bearish market sentiment, though it's below its peer group average of 8.97% short interest. Short interest can be a bullish or bearish indicator, depending on market reactions and investor strategies.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 4:00 pm

In Monday's after-market session, several consumer discretionary stocks showed notable movements. Greenlane Holdings (GNLN), Massimo (MAMO), EZGO Technologies (EZGO), U Power (UCAR), Faraday Future (FFIE), and Global E Online (GLBE) were among the gainers, with increases ranging from 3.07% to 7.6%. On the downside, Color Star Tech (ADD), Mondee Holdings (MOND), Cricut (CRCT), Cazoo Group (CZOO), Interactive Strength (TRNR), and PLBY Group (PLBY) experienced declines between 3.33% and 6.0%.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 8:31 pm

Global E Online (NYSE:GLBE) has seen a 27.43% increase in short interest since its last report, with 7.33 million shares sold short, representing 6.69% of its float. It would take approximately 5.59 days for traders to cover these short positions. Short interest is a key indicator of market sentiment, and an increase suggests a more bearish outlook. However, compared to its peers, GLBE has a lower short interest percentage of 6.69% versus the peer group average of 8.82%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:30 pm

Needham analyst Scott Berg reiterated a Buy rating on Global E Online (NASDAQ:GLBE) and maintained a $48 price target.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:12 am

In Tuesday's after-market session, 12 consumer discretionary stocks saw significant movements. Notably, Faraday Future, Selina Hospitality, Global E Online, Newegg Commerce, Dave & Buster's Enter, and Kaixin Auto Holdings were among the gainers, with increases in their stock prices. Conversely, Studio City Intl Holdings, Connexa Sports Techs, SRIVARU Holding, Arcimoto, Lobo EV Technologies, and H World Group experienced declines. Dave & Buster's Enter reported Q4 earnings, influencing its stock performance.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:31 pm

Global E Online (NASDAQ:GLBE) received mixed analyst ratings, with an average 12-month price target of $45.67, reflecting an 8.74% increase from the previous target. The company's financial performance shows a positive revenue trend with a 38.77% growth rate, but challenges in profitability and efficiency metrics like net margin, ROE, and ROA. Its debt management is sound, with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 5:00 pm

Wells Fargo analyst Andrew Bauch has maintained an Overweight rating on Global E Online (NASDAQ:GLBE) and kept the price target at $40.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:53 pm

Global E Online (NYSE:GLBE) has seen a 12.8% decrease in short interest, now at 5.53 million shares or 5.04% of float, indicating a potential shift in market sentiment towards more bullish views. The current short interest suggests a less bearish outlook compared to its peers, with an average short interest of 8.28% in its peer group.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 1:45 pm

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