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

Global-e Online Ltd. (NASDAQ:GLBE) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $50.0909.

GLBE has been the topic of several research analyst reports. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Friday, January 16th. Truist Financial set a $43.00 price target on shares of Global-e Online in a report on Tuesday, January 20th. Zacks Research upgraded shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Needham & Company LLC increased their price objective on shares of Global-e Online from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Global-e Online in a research note on Monday, December 29th.

Institutional Investors Weigh In On Global-e Online

A number of hedge funds and other institutional investors have recently bought and sold shares of GLBE. Dragoneer Investment Group LLC raised its position in Global-e Online by 18.2% in the third quarter. Dragoneer Investment Group LLC now owns 11,887,078 shares of the company’s stock valued at $425,082,000 after purchasing an additional 1,831,063 shares during the last quarter. Arohi Asset Management PTE Ltd. grew its holdings in shares of Global-e Online by 33.1% during the third quarter. Arohi Asset Management PTE Ltd. now owns 3,757,091 shares of the company’s stock worth $134,354,000 after purchasing an additional 934,207 shares during the last quarter. Marshall Wace LLP increased its stake in shares of 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 buying an additional 2,359,435 shares during the period. JPMorgan Chase & Co. raised its holdings in Global-e Online by 27.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,617,284 shares of the company’s stock valued at $121,324,000 after buying an additional 770,028 shares during the last quarter. Finally, Wasatch Advisors LP raised its holdings in Global-e Online by 0.6% in the 3rd quarter. Wasatch Advisors LP now owns 3,443,071 shares of the company’s stock valued at $123,124,000 after buying an additional 18,889 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $36.55 on Friday. Global-e Online has a 1 year low of $26.64 and a 1 year high of $63.69. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 1,218.74 and a beta of 1.24. The company’s 50 day simple moving average is $39.16 and its 200 day simple moving average is $36.25.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Global-e Online had a return on equity of 0.81% and a net margin of 0.82%.The firm had revenue of $220.78 million for the quarter, compared to the consensus estimate of $217.95 million. During the same quarter last year, the business posted ($0.13) EPS. The company’s revenue was up 25.5% compared to the same quarter last year. As a group, analysts anticipate that Global-e Online will post 0.25 EPS for the current fiscal year.

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.