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

Shares of Global-e Online Ltd. (NASDAQ:GLBE) have earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $49.9091.

A number of research firms have weighed in on GLBE. Needham & Company LLC boosted their target price on shares of Global-e Online from $40.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Benchmark reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, December 17th. Truist Financial set a $41.00 price objective on Global-e Online in a research report on Thursday, December 11th. Zacks Research raised Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. Finally, The Goldman Sachs Group increased their target price on Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, October 13th.

Global-e Online Trading Down 0.6%

Shares of NASDAQ GLBE opened at $38.18 on Wednesday. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 1,273.09 and a beta of 1.24. Global-e Online has a 12 month low of $26.64 and a 12 month high of $63.69. The stock has a 50-day moving average price of $38.31 and a two-hundred day moving average price of $35.58.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $220.78 million for the quarter, compared to analyst estimates of $217.95 million. Global-e Online had a net margin of 0.82% and a return on equity of 0.81%. The firm’s revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.13) EPS. On average, sell-side analysts predict that Global-e Online will post 0.25 earnings per share for the current year.

Institutional Investors Weigh In On Global-e Online

Several hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its holdings in Global-e Online by 73.3% during the 3rd 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 last quarter. Virtus Advisers LLC bought a new position in shares of Global-e Online during the second quarter valued at $47,000. Geneos Wealth Management Inc. lifted its holdings in shares of 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 purchasing an additional 528 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Global-e Online by 237.7% in the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after purchasing an additional 1,376 shares during the last quarter. 94.60% of the stock is currently 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.