Global-e Online Ltd. (NASDAQ:GLBE) Receives $43.92 Consensus Target Price from Brokerages

Global-e Online Ltd. (NASDAQ:GLBE) has been given an average rating of “Moderate Buy” by the fifteen research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $44.3333.

A number of research analysts recently issued reports on GLBE shares. UBS Group decreased their target price on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Benchmark restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Raymond James Financial restated an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd.

Global-e Online Price Performance

NASDAQ GLBE opened at $32.73 on Friday. The company has a market capitalization of $5.56 billion, a PE ratio of 50.35 and a beta of 1.16. The company has a fifty day moving average of $31.19 and a 200 day moving average of $34.67. Global-e Online has a 1 year low of $26.84 and a 1 year high of $41.94.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The company had revenue of $252.09 million during the quarter, compared to the consensus estimate of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) earnings per share. Research analysts expect that Global-e Online will post 1.11 earnings per share for the current year.

Insider Activity at Global-e Online

In related news, President Nir Debbi sold 9,233 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $33.70, for a total transaction of $311,152.10. Following the completion of the transaction, the president directly owned 4,559,466 shares in the company, valued at $153,654,004.20. The trade was a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Shahar Tamari sold 25,949 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $34.79, for a total transaction of $902,765.71. Following the completion of the transaction, the chief operating officer owned 3,790,225 shares of the company’s stock, valued at approximately $131,861,927.75. This trade represents a 0.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 248,220 shares of company stock worth $8,183,640 over the last three months. Company insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after acquiring an additional 448 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Global-e Online in the fourth quarter worth about $39,000. Geneos Wealth Management Inc. raised its position in shares of Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after acquiring an additional 528 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after acquiring an additional 1,616 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Global-e Online by 237.7% in the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after acquiring an additional 1,376 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.