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

Shares of Global-e Online Ltd. (NASDAQ:GLBE) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, ten have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $44.1667.

GLBE has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of Global-e Online in a research report on Wednesday. Piper Sandler reissued an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Weiss Ratings lowered Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Wall Street Zen lowered Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Raymond James Financial reissued an “outperform” rating and set a $42.00 price target on shares of Global-e Online in a report on Wednesday.

Global-e Online Price Performance

Shares of NASDAQ GLBE opened at $27.89 on Tuesday. Global-e Online has a 1-year low of $26.84 and a 1-year high of $41.94. The business’s fifty day moving average price is $31.91 and its two-hundred day moving average price is $35.34. The firm has a market capitalization of $4.73 billion, a PE ratio of 42.91 and a beta of 1.18.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The firm had revenue of $252.09 million for the quarter, compared to analyst estimates of $250.78 million. During the same period last year, the company earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 32.8% on a year-over-year basis. Equities research analysts expect that Global-e Online will post 1.12 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Amir Schlachet sold 16,666 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $34.45, for a total transaction of $574,143.70. Following the transaction, the chief executive officer directly owned 3,562,787 shares of the company’s stock, valued at approximately $122,738,012.15. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Shahar Tamari sold 25,949 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $34.79, for a total value of $902,765.71. Following the transaction, the chief operating officer directly owned 3,790,225 shares in the company, valued at $131,861,927.75. This trade represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 167,708 shares of company stock valued at $5,586,117. Company insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after acquiring an additional 448 shares during the period. Geneos Wealth Management Inc. grew its holdings in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after acquiring an additional 528 shares during the period. California State Teachers Retirement System grew its holdings in Global-e Online by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 116,092 shares of the company’s stock worth $4,564,000 after acquiring an additional 533 shares during the period. Main Management ETF Advisors LLC grew its holdings in Global-e Online by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock worth $2,062,000 after acquiring an additional 536 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Global-e Online by 28.2% during the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock worth $106,000 after acquiring an additional 649 shares during the period. 94.60% of the stock is owned by institutional investors and hedge funds.

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.