Global-e Online Ltd. (NASDAQ:GLBE) Stock Has Consensus Price Target of $48.08 According to Brokerages

Global-e Online Ltd. (NASDAQ:GLBE) has received an average rating of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $48.08.

Several research analysts have weighed in on GLBE shares. BMO Capital Markets increased their price target on shares of Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Piper Sandler reissued an “overweight” rating and set a $48.00 price objective on shares of Global-e Online in a research report on Tuesday, August 11th. Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Loop Capital set a $49.00 target price on Global-e Online in a report on Wednesday, August 12th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $48.00 target price on shares of Global-e Online in a research report on Thursday, August 13th.

Insider Activity

In related news, CEO Amir Schlachet sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $42.10, for a total transaction of $4,210,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,848,286 shares in the company, valued at approximately $162,012,840.60. The trade was a 2.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ofer Koren sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $41.23, for a total transaction of $2,061,500.00. Following the sale, the chief financial officer owned 153,189 shares in the company, valued at approximately $6,315,982.47. The trade was a 24.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 596,592 shares of company stock valued at $24,118,223 in the last ninety days. Corporate insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Jacobi Capital Management LLC bought a new stake in Global-e Online during the 3rd quarter valued at approximately $48,000. Allspring Global Investments Holdings LLC lifted its holdings in Global-e Online by 232.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 112,335 shares of the company’s stock worth $4,517,000 after purchasing an additional 78,584 shares in the last quarter. Calamos Advisors LLC purchased a new position in Global-e Online in the 3rd quarter worth approximately $709,000. Associated Banc Corp purchased a new position in Global-e Online in the 3rd quarter worth approximately $309,000. Finally, State of Wyoming boosted its stake in Global-e Online by 70.1% in the 3rd quarter. State of Wyoming now owns 20,086 shares of the company’s stock worth $798,000 after purchasing an additional 8,279 shares during the period. Institutional investors own 94.60% of the company’s stock.

Global-e Online Stock Down 3.6%

Global-e Online stock opened at $43.33 on Tuesday. Global-e Online has a 52-week low of $26.84 and a 52-week high of $45.28. The company has a market cap of $7.35 billion, a P/E ratio of 50.38 and a beta of 1.10. The business has a 50-day simple moving average of $39.74 and a two-hundred day simple moving average of $35.80.

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

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company’s platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.