Global-e Online Ltd. (NASDAQ:GLBE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Global-e Online Ltd. (NASDAQ:GLBE) have received an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $47.80.

A number of equities research analysts have recently issued reports on GLBE shares. Truist Financial cut their price objective on shares of Global-e Online from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 26th. Needham & Company LLC upped their price target on shares of Global-e Online from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Piper Sandler reaffirmed an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Finally, Zacks Research upgraded Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arohi Asset Management PTE Ltd. increased its stake in shares of Global-e Online by 0.6% in the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock worth $148,604,000 after buying an additional 23,213 shares during the period. Vident Advisory LLC grew its holdings in Global-e Online by 10.5% in the 4th quarter. Vident Advisory LLC now owns 14,866 shares of the company’s stock worth $584,000 after acquiring an additional 1,413 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Global-e Online in the fourth quarter valued at about $689,000. Twinbeech Capital LP bought a new position in shares of Global-e Online during the fourth quarter valued at about $208,000. Finally, SRS Investment Management LLC boosted its holdings in shares of Global-e Online by 203.4% during the fourth quarter. SRS Investment Management LLC now owns 896,717 shares of the company’s stock worth $35,250,000 after purchasing an additional 601,168 shares during the period. Institutional investors own 94.60% of the company’s stock.

Global-e Online Trading Up 3.2%

Shares of NASDAQ GLBE opened at $35.76 on Thursday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 96.65 and a beta of 1.24. The stock’s 50-day moving average is $36.46 and its 200 day moving average is $36.34. Global-e Online has a 1-year low of $26.64 and a 1-year high of $43.21.

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.