Global-e Online Ltd. (NASDAQ:GLBE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Global-e Online Ltd. (NASDAQ:GLBE) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $47.90.

Several research analysts have recently weighed in on GLBE shares. KeyCorp lowered their price target on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Bank of America reiterated a “buy” rating on shares of Global-e Online in a research note on Wednesday, February 18th. Truist Financial set a $43.00 target price on Global-e Online in a report on Tuesday, January 20th. Benchmark increased their price objective on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th.

Global-e Online Price Performance

GLBE stock opened at $35.09 on Thursday. The firm’s fifty day simple moving average is $36.93 and its 200-day simple moving average is $36.22. The company has a market capitalization of $5.96 billion, a P/E ratio of 94.84 and a beta of 1.24. Global-e Online has a 12 month low of $26.64 and a 12 month high of $44.97.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of Global-e Online by 87.4% during the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock valued at $2,684,000 after acquiring an additional 35,120 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Global-e Online by 17.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after purchasing an additional 8,239 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Global-e Online by 67.2% in the first 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 period. Asset Management One Co. Ltd. increased its position in Global-e Online by 43.8% in the 2nd quarter. Asset Management One Co. Ltd. now owns 57,285 shares of the company’s stock valued at $1,921,000 after acquiring an additional 17,455 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Global-e Online by 109.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 56,536 shares of the company’s stock worth $1,896,000 after acquiring an additional 29,507 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

Global-e Online Company Profile

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.