Streetbeat News

GLBE

Global-e Online Ltd.

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

36.54

Mkt cap

Volume

2.3M

High

36.79

P/E Ratio

-80.20

52-wk high

63.69

Low

35.81

Div yield

N/A

52-wk low

28.11

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

February 22, 2024 | 12:48 pm

Piper Sandler analyst Brent Bracelin has reiterated an Overweight rating on Global E Online (NASDAQ:GLBE) and maintained a $50 price target.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:05 am

The article reports on the movement of 12 consumer discretionary stocks during Wednesday's intraday session, highlighting significant gainers and losers. Notably, Sonder Holdings and Gentherm experienced substantial increases, attributed to market reactions and Q4 earnings reports. Conversely, U Power and Jeffs Brands saw significant declines. The movements reflect varying investor sentiments and market dynamics affecting these stocks.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:31 pm

Global-E Online Ltd. (NASDAQ:GLBE) reported a Q4 fiscal 2023 sales growth of 32.6% year-over-year to $185.40 million, surpassing expectations. The company's Gross Merchandise Value (GMV) increased by 42% Y/Y to $1.19 billion, and adjusted gross profit rose by 37% Y/Y to $79.12 million. Despite these positive results, GLBE's shares fell by 12% due to a lower-than-expected Q1 revenue forecast of $138.5 million-$145 million, below the consensus of $150.48 million. The company also renewed its strategic partnership with Shopify Inc. (NYSE:SHOP).

Portfolio Pulse from Akanksha Bakshi

February 21, 2024 | 3:53 pm

Global-E shares dropped following the announcement of Q4 financial results and Q1 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:00 pm

Global-E Online has provided its Q1 2024 and full year 2024 financial guidance, projecting Q1 revenue to be between $138.5M and $145M, which is below the estimated $150.48M. For FY 2024, the company expects revenue to range from $731M to $771M, compared to the estimated $756.02M. Additionally, Global-E forecasts Gross Merchandise Value (GMV) to be between $875M and $915M for Q1 and between $4,590M and $4,830M for the full year. Adjusted EBITDA is anticipated to be between $16M and $20M for Q1 and between $121M and $137M for FY 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 12:12 pm

Global E Online reported its Q4 earnings with an EPS of $(0.13), an improvement from $(0.18) year-over-year. The company's sales reached $185.40M, surpassing the estimated $181.99M.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 12:04 pm

The article lists companies scheduled to report their earnings on February 21, 2024, including their expected earnings per share and revenue. It covers a wide range of industries and includes both companies expected to report profits and losses.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 10:09 am

Wix.com Ltd. (WIX) has partnered with Global-e Online Ltd. (GLBE) to offer Wix merchants an advanced solution for international cross-border selling. This partnership aims to simplify international payments, shipping, tax, and compliance for Wix merchants, enabling them to expand globally. Key features include multi-currency selling, localized checkout experiences, advanced tax and duty setup, country-specific pricing, enhanced payment processing, streamlined global operations, and access to local market insights.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:08 pm

Global E Online (NYSE:GLBE) has seen a 6.06% increase in short interest since its last report, with 6.33 million shares sold short, representing 5.78% of its float. It would take about 7.89 days to cover these short positions based on current trading volumes. This rise in short interest could indicate a more bearish market sentiment towards GLBE, although it has less short interest compared to its peer group average of 8.51%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 1:15 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.