Global-e Online (NASDAQ:GLBE – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.04, MarketWatch Earnings reports. The business had revenue of $133.60 million for the quarter, compared to the consensus estimate of $140.93 million. Global-e Online had a negative return on equity of 15.08% and a negative net margin of 26.73%. The business’s revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.41) earnings per share.
Global-e Online Price Performance
GLBE stock traded up $0.15 during midday trading on Friday, hitting $30.52. 2,402,622 shares of the stock traded hands, compared to its average volume of 1,340,656. Global-e Online has a 1-year low of $18.14 and a 1-year high of $45.72. The stock’s fifty day simple moving average is $36.58 and its 200-day simple moving average is $37.39. The firm has a market cap of $5.01 billion, a P/E ratio of -35.31 and a beta of 1.34.
Institutional Trading of Global-e Online
Institutional investors have recently bought and sold shares of the business. Amundi boosted its position in Global-e Online by 2,263.7% during the fourth quarter. Amundi now owns 85,565 shares of the company’s stock worth $218,000 after acquiring an additional 81,945 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Global-e Online in the second quarter valued at approximately $213,000. Franklin Resources Inc. acquired a new stake in shares of Global-e Online in the second quarter valued at approximately $207,000. Advisors Asset Management Inc. lifted its position in Global-e Online by 56.1% during the first quarter. Advisors Asset Management Inc. now owns 4,832 shares of the company’s stock worth $163,000 after buying an additional 1,737 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Global-e Online by 19,195.0% during the first quarter. Captrust Financial Advisors now owns 3,859 shares of the company’s stock worth $130,000 after buying an additional 3,839 shares during the last quarter. 59.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
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.
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