BMO Capital Markets Issues Positive Forecast for Global-e Online (NASDAQ:GLBE) Stock Price

Global-e Online (NASDAQ:GLBEGet Free Report) had its price objective upped by BMO Capital Markets from $42.00 to $46.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 14.43% from the stock’s current price.

Several other research analysts have also recently issued reports on GLBE. Weiss Ratings cut shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Zacks Research downgraded Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.83.

View Our Latest Report on Global-e Online

Global-e Online Trading Up 2.3%

Global-e Online stock opened at $40.20 on Tuesday. Global-e Online has a 52 week low of $26.84 and a 52 week high of $41.94. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 61.85 and a beta of 1.03. The company’s 50-day moving average price is $35.02 and its two-hundred day moving average price is $33.74.

Insider Transactions at Global-e Online

In related news, COO Shahar Tamari sold 28,623 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $36.02, for a total transaction of $1,031,000.46. Following the completion of the sale, the chief operating officer directly owned 3,956,685 shares of the company’s stock, valued at $142,519,793.70. This represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Nir Debbi sold 9,233 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $33.70, for a total transaction of $311,152.10. Following the sale, the president owned 4,559,466 shares of the company’s stock, valued at $153,654,004.20. The trade was a 0.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 306,298 shares of company stock valued at $10,554,239 in the last quarter. Insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its position 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 valued at $38,000 after acquiring an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Global-e Online in the 4th quarter worth $39,000. Geneos Wealth Management Inc. grew its holdings in shares of 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 acquiring an additional 528 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 purchasing an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Global-e Online during the fourth quarter worth $72,000. Institutional investors own 94.60% of the company’s stock.

Global-e Online Company Profile

(Get Free Report)

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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Analyst Recommendations for Global-e Online (NASDAQ:GLBE)

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