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

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

Raymond James analyst Brian Peterson has maintained an Outperform rating on Global E Online (NASDAQ:GLBE) but has reduced the price target from $45 to $41.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:45 am

Global E Online (NASDAQ:GLBE) has received 4 analyst ratings in the last quarter, with an average price target of $49.0, which is significantly higher than its current price of $27.55. The ratings include 1 bullish and 3 somewhat bullish, with no indifferent, somewhat bearish, or bearish ratings. The current average price target has decreased by 2.97% from the previous target of $50.50. Analysts' ratings are based on information from company events, financial statements, and insider conversations.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 8:00 pm

Shapeways Holdings, Inc. (SHPW) shares dropped by approximately 20% following the release of disappointing financial results, with an adjusted loss per share and quarterly sales both missing market expectations. Other stocks experienced significant movement in Wednesday's mid-day session, with various companies reporting financial results, FDA designations, and potential acquisition interest.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 7:04 pm

Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Global E Online (NASDAQ:GLBE) but reduced the price target from $47 to $45.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:55 pm

U.S. stocks traded higher, with the Dow Jones up by over 100 points. Materials shares led gains, while utilities fell. Target Corporation (NYSE:TGT) reported Q3 financial results that exceeded expectations, with a smaller year-on-year sales decline and higher adjusted EPS than anticipated. AST SpaceMobile, Inc. (NASDAQ:ASTS), Heron Therapeutics, Inc. (NASDAQ:HRTX), and Taysha Gene Therapies, Inc. (NASDAQ:TSHA) saw their shares rise following their earnings reports. Conversely, Jaguar Global Growth Corporation I (NASDAQ:JGGC), Ispire Technology Inc. (NASDAQ:ISPR), and Global-e Online Ltd. (NASDAQ:GLBE) experienced share price declines. Oil and gold prices fell slightly, while silver and copper rose. Economic data showed a decline in U.S. producer prices and an improvement in the NY Empire State Manufacturing Index.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 5:20 pm

Globe-E Online's stock price has declined following the release of their Q3 revenue results, which fell short of expectations. Additionally, the company's revenue guidance for Q4 and the full fiscal year 2023 is below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:01 pm

U.S. stocks traded higher with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. Producer prices in the U.S. fell by 0.5% in October, the most significant drop since April 2020, defying expectations of a 0.1% rise. Chemomab Therapeutics, Heron Therapeutics, and Taysha Gene Therapies saw their stocks surge after various announcements, while Jaguar Global Growth Corporation, Ispire Technology, and Global-e Online experienced significant declines. Oil and gold prices fell slightly, while silver and copper rose. European shares were up, and Asian markets closed higher, with notable economic data from the Eurozone and Asia Pacific regions.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 2:57 pm

Global-E Online Ltd. (NASDAQ:GLBE) reported Q3 FY23 sales of $133.605 million, missing consensus estimates and leading to a 25.46% drop in premarket trading. Despite a sales miss, loss per share was better than expected. The company lowered its FY23 revenue outlook and narrowed its GMV forecast, while slightly raising its Adjusted EBITDA guidance. Shopify Inc. (NYSE:SHOP) was mentioned in relation to its Markets Pro product.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 2:30 pm

Numerous companies are scheduled to report their earnings on November 15, 2023. The list includes a mix of projections for both profits and losses. Notable companies reporting before the bell include TJX Companies, Target, and JD.com, with TJX and Target expected to report significant revenues. After the bell, investors will look out for earnings from Cisco Systems, Palo Alto Networks, and Copa Holdings, among others. The earnings reports will provide investors with insights into the companies' financial health and could influence stock prices in the short term.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 12:30 pm

Global E Online (NASDAQ:GLBE) reported Q3 earnings with an EPS of $-0.2, beating estimates by 13.04% against an expected $-0.23. Revenue increased by $28.05 million compared to the same period last year. Despite beating EPS estimates last quarter, the share price dropped by 5.26% the following day. Historical earnings performance shows mixed results with both beats and misses on EPS estimates in previous quarters.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 12:05 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.