Global-e Online Ltd. (NASDAQ:GLBE) Stock Has Consensus Price Target of $47.69

Global-e Online Ltd. (NASDAQ:GLBE) has been given an average rating of “Moderate Buy” by the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $48.00.

GLBE has been the topic of a number of research analyst reports. Citigroup reissued a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a report on Thursday, August 13th. Morgan Stanley increased their price objective on shares of Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Weiss Ratings upgraded shares of Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Finally, Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th.

Global-e Online Stock Down 0.1%

Shares of Global-e Online stock opened at $39.00 on Friday. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 45.35 and a beta of 0.98. The stock’s 50-day simple moving average is $39.51 and its 200-day simple moving average is $35.43. Global-e Online has a 52 week low of $26.84 and a 52 week high of $43.99.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $299.00 million during the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. On average, equities analysts expect that Global-e Online will post 1.32 earnings per share for the current year.

Insider Buying and Selling

In other Global-e Online news, COO Shahar Tamari sold 24,999 shares of Global-e Online stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $41.63, for a total value of $1,040,708.37. Following the sale, the chief operating officer directly owned 3,856,689 shares in the company, valued at approximately $160,553,963.07. The trade was a 0.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ofer Koren sold 50,000 shares of Global-e Online stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $41.23, for a total transaction of $2,061,500.00. Following the completion of the sale, the chief financial officer owned 153,189 shares in the company, valued at approximately $6,315,982.47. This represents a 24.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 658,319 shares of company stock worth $26,838,705. 11.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLBE. MCF Advisors LLC boosted its holdings in Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after acquiring an additional 552 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Global-e Online by 8.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock valued at $286,000 after acquiring an additional 631 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Global-e Online by 2.8% during the first quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock valued at $1,145,000 after acquiring an additional 996 shares in the last quarter. Sei Investments Co. raised its position in shares of Global-e Online by 0.3% in the 1st quarter. Sei Investments Co. now owns 310,182 shares of the company’s stock valued at $9,569,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of Global-e Online by 5.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 28,002 shares of the company’s stock valued at $864,000 after purchasing an additional 1,321 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Global-e Online Company Profile

Global-e Online Ltd. is an Israel-based technology company that provides an end-to-end platform for cross-border e-commerce. Its software helps retailers and brands sell directly to consumers in international markets by adapting online shopping experiences to local languages, currencies, payment methods, tax requirements and delivery preferences.

The company’s services support the international customer journey, including localized storefronts and checkout experiences, calculation and collection of duties and taxes, payment processing, fraud prevention, international shipping, order management and returns.