Analysts Set Global-e Online Ltd. (NASDAQ:GLBE) Target Price at $47.69

by · The Markets Daily

Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) has been given an average rating of “Moderate Buy” by the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $47.6923.

A number of equities research analysts recently issued reports on GLBE shares. Morgan Stanley boosted their target price 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. Truist Financial boosted their price target on Global-e Online from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $48.00 price target on shares of Global-e Online in a research report on Tuesday, August 11th.

Read Our Latest Analysis on Global-e Online

Global-e Online Stock Down 0.9%

Shares of GLBE stock opened at $38.04 on Monday. The stock’s 50-day moving average price is $38.93 and its 200 day moving average price is $34.74. Global-e Online has a 52-week low of $26.84 and a 52-week high of $43.99. The stock has a market capitalization of $6.46 billion, a PE ratio of 44.23 and a beta of 1.00.

Global-e Online (NASDAQ:GLBE – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $299.00 million during the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. Analysts expect that Global-e Online will post 1.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Global-e Online

In other news, COO Shahar Tamari sold 28,623 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,031,000.46. Following the completion of the sale, the chief operating officer directly owned 3,956,685 shares in the company, valued at $142,519,793.70. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amir Schlachet sold 100,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $42.20, for a total transaction of $4,220,000.00. Following the completion of the sale, the chief executive officer directly owned 3,965,422 shares of the company’s stock, valued at $167,340,808.40. The trade was a 2.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 633,676 shares of company stock valued at $25,306,763 over the last 90 days. Insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC lifted its position in Global-e Online by 62.4% in the 2nd quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after purchasing an additional 552 shares during the last quarter. Royce & Associates LP bought a new position in Global-e Online during the 4th quarter valued at $204,000. PNC Financial Services Group Inc. increased its position in shares of Global-e Online by 87.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,546 shares of the company’s stock valued at $218,000 after purchasing an additional 2,592 shares during the period. Seelaus Asset Management LLC acquired a new stake in Global-e Online in the 1st quarter valued at about $231,000. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in Global-e Online in the 1st quarter valued at about $239,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

About Global-e Online

(Get Free Report)

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.

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