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

Shares of Global-e Online Ltd. (NASDAQ:GLBE) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $44.50.

Several analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Wall Street Zen cut Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. 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, May 13th. UBS Group cut their price objective on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Finally, Weiss Ratings cut shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th.

Global-e Online Price Performance

Shares of GLBE stock opened at $36.21 on Friday. Global-e Online has a 12-month low of $26.84 and a 12-month high of $41.94. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 55.71 and a beta of 1.06. The business has a 50 day simple moving average of $33.85 and a 200 day simple moving average of $33.81.

Insider Buying and Selling at Global-e Online

In other news, President Nir Debbi sold 9,233 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $33.70, for a total value of $311,152.10. Following the completion of the sale, the president directly owned 4,559,466 shares of the company’s stock, valued at approximately $153,654,004.20. This represents a 0.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Shahar Tamari sold 28,623 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,031,000.46. Following the completion of the sale, the chief operating officer directly owned 3,956,685 shares of the company’s stock, valued at approximately $142,519,793.70. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 319,914 shares of company stock valued at $10,989,302. Company insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GLBE. IFP Advisors Inc lifted its position in Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Global-e Online during the 4th quarter valued at $39,000. Geneos Wealth Management Inc. increased its position in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after purchasing an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Global-e Online during the 4th quarter valued at $72,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

About Global-e Online

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.