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

Shares of Global-e Online Ltd. (NASDAQ:GLBE) have received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $47.80.

GLBE has been the topic of several recent analyst reports. Truist Financial dropped their price target on Global-e Online from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. KeyCorp reduced 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. Wall Street Zen downgraded shares of Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Global-e Online in a report on Monday, December 29th.

Global-e Online Stock Performance

Global-e Online stock opened at $32.34 on Monday. Global-e Online has a 52 week low of $26.64 and a 52 week high of $43.21. The firm has a market capitalization of $5.49 billion, a PE ratio of 87.41 and a beta of 1.24. The business’s 50-day simple moving average is $35.26 and its 200-day simple moving average is $36.51.

Insider Activity at Global-e Online

In related news, CEO Amir Schlachet sold 16,666 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $34.45, for a total value of $574,143.70. Following the completion of the sale, the chief executive officer owned 3,562,787 shares in the company, valued at approximately $122,738,012.15. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Nir Debbi sold 8,332 shares of Global-e Online stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $34.51, for a total value of $287,537.32. Following the sale, the president directly owned 3,897,506 shares in the company, valued at approximately $134,502,932.06. This trade represents a 0.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 41,664 shares of company stock worth $1,425,158. Company insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GLBE. Vitruvian Partners LLP lifted its holdings in shares of Global-e Online by 23.1% during the 3rd quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock worth $6,167,000 after acquiring an additional 32,405 shares during the period. Penserra Capital Management LLC increased its stake in Global-e Online by 16.1% in the third quarter. Penserra Capital Management LLC now owns 127,667 shares of the company’s stock valued at $4,564,000 after acquiring an additional 17,676 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in Global-e Online by 50.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 775,000 shares of the company’s stock valued at $27,714,000 after acquiring an additional 260,000 shares during the period. Nordea Investment Management AB acquired a new position in Global-e Online in the third quarter worth about $7,838,000. Finally, Brown Capital Management LLC raised its position in Global-e Online by 10.0% in the third quarter. Brown Capital Management LLC now owns 2,389,842 shares of the company’s stock worth $85,461,000 after purchasing an additional 216,304 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

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.