Brokerages Set Global-e Online Ltd. (NASDAQ:GLBE) Target Price at $50.09

Global-e Online Ltd. (NASDAQ:GLBE) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $50.0909.

GLBE has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Piper Sandler cut shares of Global-e Online from an “overweight” rating to a “mixed” rating in a report on Monday. Needham & Company LLC raised their price objective on shares of Global-e Online from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Zacks Research raised Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Global-e Online in a research note on Monday, December 29th.

Institutional Investors Weigh In On Global-e Online

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position 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 worth $2,684,000 after purchasing an additional 35,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Global-e Online by 17.8% in 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 period. Geneos Wealth Management Inc. boosted its holdings 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 buying an additional 528 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in Global-e Online by 38.5% during the second quarter. Stephens Investment Management Group LLC now owns 235,420 shares of the company’s stock worth $7,896,000 after buying an additional 65,461 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Global-e Online by 43.8% during the second quarter. Asset Management One Co. Ltd. now owns 57,285 shares of the company’s stock worth $1,921,000 after buying an additional 17,455 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online Stock Down 7.3%

GLBE opened at $33.90 on Friday. Global-e Online has a 52 week low of $26.64 and a 52 week high of $63.69. The business has a 50 day moving average price of $39.00 and a two-hundred day moving average price of $36.30. The company has a market cap of $5.75 billion, a PE ratio of 1,130.38 and a beta of 1.24.

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

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.