Global-E Online (NASDAQ:GLBE) Price Target Raised to $64.00 at JMP Securities

Global-E Online (NASDAQ:GLBE) had its target price boosted by equities research analysts at JMP Securities from $46.00 to $64.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price objective would suggest a potential upside of 33.72% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research report on Monday. UBS Group reduced their price objective on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, October 18th. Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price on the stock. in a report on Friday, October 18th. Piper Sandler reaffirmed a “buy” rating on shares of Global-E Online in a research note on Friday, October 18th. Finally, Jefferies Financial Group increased their price objective on shares of Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.64.

Global-E Online Stock Up 12.0 %

NASDAQ:GLBE opened at $47.86 on Thursday. Global-E Online has a fifty-two week low of $28.11 and a fifty-two week high of $52.26. The firm’s fifty day simple moving average is $38.65 and its 200-day simple moving average is $35.02. The stock has a market cap of $7.86 billion, a PE ratio of -73.63 and a beta of 1.10.

Institutional Trading of Global-E Online

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Global-E Online during the 3rd quarter worth $32,000. Toronto Dominion Bank purchased a new position in Global-E Online during the second quarter worth about $40,000. Venturi Wealth Management LLC acquired a new stake in Global-E Online in the 3rd quarter worth about $87,000. Quarry LP boosted its stake in Global-E Online by 226.1% in the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock worth $88,000 after buying an additional 1,585 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Global-E Online by 18.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock valued at $146,000 after buying an additional 624 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

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.