Analysts Set Global-e Online Ltd. (NASDAQ:GLBE) PT at $47.23

by · The Markets Daily

Shares of Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) have been given an average rating of “Moderate Buy” by the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $47.2308.

Several analysts have commented on GLBE shares. Citigroup reissued a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. Morgan Stanley lifted 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 research note on Thursday, August 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $48.00 price objective on shares of Global-e Online in a report on Wednesday, August 12th. Loop Capital set a $49.00 target price on shares of Global-e Online in a research report on Wednesday, August 12th. Finally, UBS Group set a $54.00 target price on Global-e Online and gave the company a “buy” rating in a report on Thursday, August 13th.

Read Our Latest Report on GLBE

Insider Transactions at Global-e Online

In other news, President Nir Debbi sold 14,582 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $40.11, for a total transaction of $584,884.02. Following the transaction, the president owned 4,430,285 shares of the company’s stock, valued at approximately $177,698,731.35. This represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amir Schlachet sold 81,556 shares of Global-e Online stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $42.30, for a total transaction of $3,449,818.80. Following the completion of the transaction, the chief executive officer directly owned 3,766,730 shares in the company, valued at approximately $159,332,679. This represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 634,497 shares of company stock worth $24,749,587. 11.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Global-e Online

A number of institutional investors and hedge funds have recently bought and sold shares of GLBE. Caitong International Asset Management Co. Ltd bought a new position in shares of Global-e Online during the 4th quarter worth about $39,000. IFP Advisors Inc lifted its position in 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 purchasing an additional 448 shares during the period. Geneos Wealth Management Inc. boosted its stake in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after buying an additional 528 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after buying an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Global-e Online in the 4th quarter valued at $72,000. Institutional investors own 94.60% of the company’s stock.

Global-e Online Stock Performance

Shares of NASDAQ GLBE opened at $40.55 on Thursday. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 47.15 and a beta of 1.03. The business has a 50 day simple moving average of $37.66 and a 200 day simple moving average of $34.15. Global-e Online has a 52 week low of $26.84 and a 52 week high of $43.99.

Global-e Online (NASDAQ:GLBE – Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The firm had revenue of $299.00 million for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. On average, analysts predict that Global-e Online will post 1.13 EPS for the current year.

About Global-e Online

(Get Free Report)

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.

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