Global-e Online Ltd. (NASDAQ:GLBE) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts remain broadly positive: Global-e Online has a consensus “Moderate Buy” rating, with 13 buys, two holds and one strong buy among 16 analysts. The average 12-month price target is $47.69, above the reported share price of $37.18.
• Recent financial performance was solid: The company reported quarterly EPS of $0.37 and revenue of $299 million, alongside a 13.87% net margin and 16.70% return on equity. Analysts expect full-year EPS of approximately $1.32.
• Insiders have been selling shares: The CEO and COO each sold nearly 25,000 shares in early September, while insiders sold 654,208 shares worth about $25.9 million over the prior 90 days. Institutional investors own 94.6% of the company.

Shares of Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $47.6923.

Several research analysts have weighed in on GLBE shares. Piper Sandler reiterated an "overweight" rating and set a $48.00 price objective on shares of Global-e Online in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an "accumulate" rating in a research note on Wednesday, May 27th. Morgan Stanley raised their price target on shares of Global-e Online from $44.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Jefferies Financial Group reiterated a "buy" rating and issued a $48.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. Finally, Zacks Research raised shares of Global-e Online from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 25th.

Global-e Online Price Performance

Shares of Global-e Online stock opened at $37.18 on Monday. Global-e Online has a 12-month low of $26.84 and a 12-month high of $43.99. The stock has a market cap of $6.31 billion, a P/E ratio of 43.23 and a beta of 1.00. The business's 50 day moving average is $38.91 and its 200-day moving average is $34.65.

Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The company had revenue of $299.00 million during the quarter. On average, sell-side analysts expect that Global-e Online will post 1.32 EPS for the current year.

Insider Activity

In related news, COO Shahar Tamari sold 24,999 shares of the company's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $38.41, for a total transaction of $960,211.59. Following the completion of the sale, the chief operating officer owned 3,831,690 shares of the company's stock, valued at $147,175,212.90. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amir Schlachet sold 24,999 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $38.24, for a total transaction of $955,961.76. Following the completion of the transaction, the chief executive officer owned 3,716,732 shares of the company's stock, valued at $142,127,831.68. The trade was a 0.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 654,208 shares of company stock worth $25,910,911. Corporate insiders own 11.60% of the company's stock.

Institutional Trading of Global-e Online

Large investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its stake 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 purchasing an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Global-e Online in the 4th quarter valued at approximately $39,000. Geneos Wealth Management Inc. grew its holdings 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 last quarter. MCF Advisors LLC grew its holdings in shares of Global-e Online by 62.4% during the 2nd quarter. MCF Advisors LLC now owns 1,437 shares of the company's stock valued at $50,000 after purchasing an additional 552 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in 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 worth $61,000 after purchasing an additional 1,616 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.

Global-e Online Company Profile

Global-e Online Ltd. NASDAQ: GLBE provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company's services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.

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