Global-e Online Ltd. (NASDAQ:GLBE) Stock Has Average Target Price of $48.08

Global-e Online Ltd. (NASDAQ:GLBE) has been given a consensus rating of “Moderate Buy” by the sixteen analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $48.08.

Several brokerages have recently issued reports on GLBE. Morgan Stanley raised their target price on Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $47.00 target price on shares of Global-e Online in a research report on Tuesday, September 1st. UBS Group set a $54.00 price target on shares of Global-e Online and gave the company a “buy” rating in a research report on Thursday, August 13th. Zacks Research cut Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th.

Insider Buying and Selling at Global-e Online

In other news, CEO Amir Schlachet sold 24,999 shares of Global-e Online stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $41.39, for a total transaction of $1,034,708.61. Following the completion of the sale, the chief executive officer owned 3,616,736 shares in the company, valued at approximately $149,696,703.04. This trade represents a 0.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Nir Debbi sold 18,069 shares of Global-e Online stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $44.51, for a total value of $804,251.19. Following the sale, the president owned 4,224,724 shares of the company’s stock, valued at approximately $188,042,465.24. This trade represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 742,889 shares of company stock valued at $30,637,208 in the last 90 days. Corporate insiders own 11.60% of the company’s stock.

Institutional Investors Weigh In On Global-e Online

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its stake in Global-e Online by 58.5% in the 3rd quarter. Signaturefd LLC now owns 959 shares of the company’s stock worth $38,000 after buying an additional 354 shares in the last quarter. Jacobi Capital Management LLC purchased a new stake in shares of Global-e Online during the 3rd quarter valued at $48,000. MCF Advisors LLC raised its position in shares of Global-e Online by 62.4% during the 2nd quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after buying an additional 552 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Global-e Online during the 3rd quarter valued at $247,000. Finally, Seelaus Asset Management LLC bought a new stake in shares of Global-e Online during the 1st quarter worth $231,000. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Price Performance

GLBE opened at $42.97 on Tuesday. Global-e Online has a fifty-two week low of $26.84 and a fifty-two week high of $45.28. The firm has a market capitalization of $7.29 billion, a P/E ratio of 49.97 and a beta of 1.10. The company’s 50-day moving average is $39.81 and its 200 day moving average is $35.84.

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

More Global-e Online News

Here are the key news stories impacting Global-e Online this week:

• Positive Sentiment: Analyst coverage cited in a recent report remains broadly favorable: 13 analysts rated GLBE Buy and three Hold, with an average price target of $48.08. Insider trading report
• Negative Sentiment: President Nir Debbi sold a combined 132,651 shares in transactions from November 2–5, while COO Shahar Tamari sold 28,228 shares on November 4–5. The sales may weigh on sentiment, although both executives retain multi-million-share holdings and the reported reductions were small relative to their positions. SEC filing for President’s trades SEC filing for COO’s trades

About Global-e Online

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.