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

Key Points

• Analysts give Global-e an average recommendation of Moderate Buy from 14 analysts (11 buy, 2 hold, 1 strong buy) with a mean 12‑month price target of about $47.58.
• Insiders have been selling recently — President Nir Debbi and COO Shahar Tamari sold shares in March, and insiders sold 83,328 shares (~$2.76M) over the last 90 days while retaining 11.60% ownership.
• GLBE opened at $33.71, trades in a 12‑month range of $27.80–$43.21, has a market cap of $5.72B and a high PE ratio of 91.11, suggesting a premium valuation.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fourteen analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $47.5833.

A number of brokerages have commented on GLBE. UBS Group lowered their target price on Global-e Online from $52.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, March 31st. Wall Street Zen upgraded Global-e Online from a "hold" rating to a "buy" rating in a research report on Sunday, March 29th. Piper Sandler reaffirmed an "overweight" rating on shares of Global-e Online in a research note on Thursday, February 19th. KeyCorp dropped their price objective on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, February 19th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Global-e Online in a research note on Thursday, February 19th.

Insider Activity

In other news, President Nir Debbi sold 8,332 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $34.51, for a total value of $287,537.32. Following the completion of the transaction, the president owned 3,897,506 shares of the company's stock, valued at $134,502,932.06. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Shahar Tamari sold 16,666 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $33.81, for a total transaction of $563,477.46. Following the transaction, the chief operating officer directly owned 3,419,745 shares in the company, valued at $115,621,578.45. The trade was a 0.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 83,328 shares of company stock valued at $2,755,760 over the last 90 days. Insiders own 11.60% of the company's stock.

Institutional Investors Weigh In On Global-e Online

Several hedge funds have recently made changes to their positions in GLBE. IFP Advisors Inc increased its stake in Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company's stock valued at $38,000 after purchasing an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Global-e Online in the 4th quarter worth about $39,000. Geneos Wealth Management Inc. boosted its stake in Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after buying an additional 528 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Global-e Online by 780.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company's stock valued at $61,000 after buying an additional 1,616 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in Global-e Online by 237.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company's stock valued at $72,000 after buying an additional 1,376 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.

Global-e Online Price Performance

GLBE stock opened at $33.71 on Friday. The company's 50 day simple moving average is $32.99 and its 200-day simple moving average is $35.81. Global-e Online has a 12 month low of $27.80 and a 12 month high of $43.21. The firm has a market capitalization of $5.72 billion, a PE ratio of 91.11 and a beta of 1.28.

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.

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