Global-e Online (GLBE) Gets a Buy from Jefferies

Jefferies analyst Samad Samana maintained a Buy rating on Global-e Online today and set a price target of $40.00.

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Samana covers the Technology sector, focusing on stocks such as Shopify, NICE, and Par Technology. According to TipRanks, Samana has an average return of -1.3% and a 42.49% success rate on recommended stocks.

In addition to Jefferies, Global-e Online also received a Buy from Morgan Stanley’s James Faucette in a report issued on May 11. However, on April 28, Truist Financial maintained a Hold rating on Global-e Online (NASDAQ: GLBE).

Based on Global-e Online’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $336.66 million and a net profit of $62.45 million. In comparison, last year the company earned a revenue of $262.91 million and had a net profit of $1.51 million

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GLBE in relation to earlier this year. Earlier this month, Amir Schlachet, the CEO of GLBE sold 6,194.00 shares for a total of $200,995.30.