Global-E Online (NASDAQ:GLBE) Stock Price Expected to Rise, Benchmark Analyst Says

Global-E Online (NASDAQ:GLBE) had its target price lifted by Benchmark from $41.00 to $45.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Needham & Company LLC reissued a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research report on Monday. Morgan Stanley cut Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target for the company. in a research report on Friday, October 18th. UBS Group cut their price objective on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. KeyCorp cut their price objective on Global-E Online from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Finally, Piper Sandler reaffirmed a “buy” rating on shares of Global-E Online in a research report on Friday, October 18th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.27.

Global-E Online Stock Performance

Shares of NASDAQ GLBE opened at $40.82 on Monday. The stock has a 50 day moving average price of $38.28 and a 200 day moving average price of $34.85. Global-E Online has a 52 week low of $28.11 and a 52 week high of $43.52. The stock has a market capitalization of $6.70 billion, a PE ratio of -62.80 and a beta of 1.10.

Institutional Investors Weigh In On Global-E Online

Hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Global-E Online during the 3rd quarter valued at $32,000. Toronto Dominion Bank acquired a new stake in shares of Global-E Online during the 2nd quarter valued at $40,000. Venturi Wealth Management LLC acquired a new stake in shares of Global-E Online during the 3rd quarter valued at $87,000. Quarry LP boosted its holdings in shares of Global-E Online by 226.1% during the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock valued at $88,000 after acquiring an additional 1,585 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Global-E Online by 18.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock valued at $146,000 after acquiring an additional 624 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Company Profile

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.