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

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

A number of research firms have recently weighed in on GLBE. The Goldman Sachs Group lifted their target price on Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Truist Financial set a $43.00 price target on shares of Global-e Online in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Global-e Online in a research note on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Global-e Online in a report on Friday, January 16th. Finally, Needham & Company LLC raised their target price on shares of Global-e Online from $40.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, December 4th.

Hedge Funds Weigh In On Global-e Online

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares during the period. Virtus Advisers LLC bought a new stake in Global-e Online during the second quarter worth about $47,000. Tower Research Capital LLC TRC grew its stake in Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after buying an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp increased 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. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-e Online Stock Down 0.7%

Shares of GLBE stock opened at $36.55 on Friday. Global-e Online has a 12-month low of $26.64 and a 12-month high of $63.69. The company has a market capitalization of $6.20 billion, a PE ratio of 1,218.74 and a beta of 1.24. The firm has a 50 day moving average price of $39.16 and a two-hundred day moving average price of $36.25.

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