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

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

A number of research analysts recently issued reports on GLBE shares. Loop Capital set a $49.00 price target on Global-e Online in a research note on Wednesday, August 12th. The Goldman Sachs Group reiterated a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Citigroup reaffirmed a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Truist Financial increased their price objective on Global-e Online from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, October 23rd.

Global-e Online Price Performance

Shares of NASDAQ GLBE opened at $42.49 on Tuesday. The business has a 50-day moving average of $39.86 and a two-hundred day moving average of $35.87. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 49.41 and a beta of 1.10. Global-e Online has a 1 year low of $26.84 and a 1 year high of $45.28.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The company 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%. As a group, equities research analysts expect that Global-e Online will post 1.32 earnings per share for the current year.

Insider Activity

In other Global-e Online news, President Nir Debbi sold 18,069 shares of Global-e Online stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $44.51, for a total transaction of $804,251.19. Following the transaction, the president directly owned 4,224,724 shares of the company’s stock, valued at $188,042,465.24. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Shahar Tamari sold 27,957 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $44.48, for a total transaction of $1,243,527.36. Following the completion of the sale, the chief operating officer directly owned 3,728,736 shares of the company’s stock, valued at $165,854,177.28. This trade represents a 0.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 742,567 shares of company stock valued at $30,623,661 over the last quarter. Company insiders own 11.60% of the company’s stock.

Institutional Investors Weigh In On Global-e Online

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP raised its stake in Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after buying an additional 1,816,606 shares in the last quarter. Wellington Management Group LLP grew its position in Global-e Online by 3,232.4% in the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after buying an additional 2,037,962 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Global-e Online by 4.0% in the first quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock worth $72,833,000 after buying an additional 91,384 shares during the period. Spyglass Capital Management LLC increased its holdings in shares of Global-e Online by 1.1% in the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after purchasing an additional 20,610 shares during the period. Finally, Keenan Capital LLC raised its holdings in shares of Global-e Online by 4.8% during the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock worth $67,906,000 after acquiring an additional 90,000 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-e Online Company Profile

Global-e Online Ltd. provides a cross-border e-commerce platform that helps retailers and consumer brands sell to shoppers in international markets. Its services support the online shopping journey, from localized storefronts and checkout through payment and delivery.

The platform helps merchants tailor the shopping experience to customers in different countries, including by supporting local currencies and payment options and managing international shipping, duties and taxes, and returns.