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

Key Points

• Analysts maintain a moderately bullish outlook on Global-e Online, with 13 buy ratings and three hold ratings producing a consensus “Moderate Buy” recommendation and an average 12-month price target of $48.08.
• Global-e Online shares opened at $42.98, near their 52-week high of $43.99, while the company reported quarterly EPS of $0.37 on $299 million in revenue. Analysts expect full-year EPS of approximately $1.32.
• Insiders have been selling shares: executives sold 683,318 shares worth $27.8 million over the past three months, although institutional investors and hedge funds own 94.6% of the stock.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) has earned an average recommendation of "Moderate Buy" from the sixteen brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $48.08.

A number of brokerages recently weighed in on GLBE. Weiss Ratings raised Global-e Online from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 13th. Benchmark reaffirmed a "buy" rating on shares of Global-e Online in a research note on Thursday, August 13th. Morgan Stanley raised their target price on shares of Global-e Online from $44.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. The Goldman Sachs Group reissued a "buy" rating on shares of Global-e Online in a research report on Wednesday, August 12th. Finally, Truist Financial lifted their target price on shares of Global-e Online from $47.00 to $48.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd.

Global-e Online Stock Performance

Shares of NASDAQ:GLBE opened at $42.98 on Tuesday. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 49.98 and a beta of 0.98. Global-e Online has a 1-year low of $26.84 and a 1-year high of $43.99. The company has a 50 day moving average price of $39.51 and a 200 day moving average price of $35.73.

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. The company had revenue of $299.00 million during the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. On average, sell-side analysts expect that Global-e Online will post 1.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Global-e Online news, CEO Amir Schlachet sold 100,000 shares of Global-e Online stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $42.20, for a total transaction of $4,220,000.00. Following the transaction, the chief executive officer directly owned 3,965,422 shares in the company, valued at approximately $167,340,808.40. The trade was a 2.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ofer Koren sold 50,000 shares of the business's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $41.23, for a total transaction of $2,061,500.00. Following the sale, the chief financial officer directly owned 153,189 shares in the company, valued at approximately $6,315,982.47. This trade represents a 24.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 683,318 shares of company stock worth $27,768,043. Corporate insiders own 11.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GLBE. Calamos Advisors LLC acquired a new position in Global-e Online in the third quarter worth $709,000. Associated Banc Corp bought a new stake in shares of Global-e Online during the third quarter worth $309,000. State of Wyoming increased its stake in shares of Global-e Online by 70.1% in the third quarter. State of Wyoming now owns 20,086 shares of the company's stock valued at $798,000 after buying an additional 8,279 shares in the last quarter. Signaturefd LLC increased its stake in shares of Global-e Online by 58.5% in the third quarter. Signaturefd LLC now owns 959 shares of the company's stock valued at $38,000 after buying an additional 354 shares in the last quarter. Finally, Seelaus Asset Management LLC increased its stake in shares of Global-e Online by 10.5% in the third quarter. Seelaus Asset Management LLC now owns 14,858 shares of the company's stock valued at $590,000 after buying an additional 1,409 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-e Online Company Profile

Global-e Online Ltd. NASDAQ: GLBE provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company's platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.

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