Global-E Online (NASDAQ:GLBE) Given New $55.00 Price Target at KeyCorp

Global-E Online (NASDAQ:GLBE) had its price target increased by equities researchers at KeyCorp from $38.00 to $55.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 6.05% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC restated a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research report on Monday, November 18th. Bank of America dropped their price target on shares of Global-E Online from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Jefferies Financial Group boosted their price objective on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Piper Sandler restated an “overweight” rating and issued a $63.00 target price (up from $44.00) on shares of Global-E Online in a research report on Thursday, November 21st. Finally, Raymond James boosted their price target on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.33.

Global-E Online Price Performance

NASDAQ:GLBE opened at $51.86 on Tuesday. The firm has a market capitalization of $8.52 billion, a P/E ratio of -89.31 and a beta of 1.10. The business has a 50 day simple moving average of $39.75 and a 200 day simple moving average of $35.61. Global-E Online has a 12-month low of $28.11 and a 12-month high of $52.57.

Institutional Trading of Global-E Online

A number of large investors have recently added to or reduced their stakes in GLBE. 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 purchased a new stake in shares of Global-E Online during the second quarter valued at $40,000. Venturi Wealth Management LLC acquired a new position in shares of Global-E Online in the 3rd quarter valued at $87,000. Quarry LP increased 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 purchasing an additional 1,585 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Global-E Online by 18.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock worth $146,000 after buying an additional 624 shares during the period. 94.60% of the stock is currently owned by 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.