Global-E Online (GLBE) Set to Announce Earnings on Wednesday

Global-E Online (NASDAQ:GLBE) will be issuing its quarterly earnings data before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Global-E Online Stock Down 1.8 %

Shares of Global-E Online stock opened at $40.30 on Monday. The firm has a market cap of $6.62 billion, a PE ratio of -62.00 and a beta of 1.10. The business’s fifty day simple moving average is $38.16 and its 200-day simple moving average is $34.79. Global-E Online has a 52 week low of $28.11 and a 52 week high of $43.52.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Piper Sandler restated a “buy” rating on shares of Global-E Online in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Global-E Online in a report on Thursday, August 15th. Morgan Stanley cut Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target on the stock. in a research report on Friday, October 18th. UBS Group cut their price objective on shares of Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, Bank of America reduced their price objective on shares of Global-E Online from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Global-E Online currently has a consensus rating of “Moderate Buy” and an average price target of $43.30.

About Global-E Online

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.