Global-e Online Ltd. (NASDAQ:GLBE) Receives $47.90 Average Price Target from Brokerages

Shares of Global-e Online Ltd. (NASDAQ:GLBE) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $47.80.

A number of equities analysts have weighed in on GLBE shares. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Wall Street Zen upgraded shares of Global-e Online from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Truist Financial lowered their price target on shares of Global-e Online from $43.00 to $42.00 and set a “hold” rating for the company in a report on Thursday. Benchmark boosted their price objective on shares of Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th.

Global-e Online Price Performance

Shares of GLBE opened at $34.97 on Thursday. Global-e Online has a 12 month low of $26.64 and a 12 month high of $43.67. The stock’s 50-day moving average is $36.73 and its two-hundred day moving average is $36.25. The stock has a market cap of $5.94 billion, a PE ratio of 94.51 and a beta of 1.24.

Institutional Investors Weigh In On Global-e Online

Hedge funds have recently bought and sold shares of the business. North Peak Capital Management LLC acquired a new position in shares of Global-e Online in the 2nd quarter valued at approximately $88,481,000. Wasatch Advisors LP increased its stake in shares of Global-e Online by 231.8% in the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after buying an additional 2,392,124 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Global-e Online by 68.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after acquiring an additional 2,387,242 shares in the last quarter. Marshall Wace LLP raised its holdings in Global-e Online by 182.0% in the second quarter. Marshall Wace LLP now owns 3,656,115 shares of the company’s stock valued at $122,626,000 after acquiring an additional 2,359,435 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Global-e Online by 1,539.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock valued at $89,213,000 after acquiring an additional 2,131,047 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online Company Profile

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.