Global-E Online Ltd. (NASDAQ:GLBE) Receives $53.25 Consensus Target Price from Analysts

Global-E Online Ltd. (NASDAQ:GLBE) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $53.25.

A number of equities analysts have commented on the company. Jefferies Financial Group increased their target price on Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Raymond James increased their price objective on Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. KeyCorp lifted their target price on shares of Global-E Online from $38.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. UBS Group reduced their target price on shares of 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. Finally, Wells Fargo & Company boosted their price target on shares of Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st.

Global-E Online Stock Up 0.6 %

GLBE opened at $56.78 on Wednesday. The company has a market cap of $9.33 billion, a PE ratio of -97.90, a price-to-earnings-growth ratio of 5.85 and a beta of 1.22. Global-E Online has a twelve month low of $28.11 and a twelve month high of $58.90. The company has a 50-day moving average price of $53.61 and a 200 day moving average price of $42.34.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLBE. Fifth Third Bancorp raised its position in Global-E Online by 69.1% in the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock valued at $26,000 after purchasing an additional 197 shares during the period. CIBC Asset Management Inc raised its holdings in Global-E Online by 4.4% in the 3rd quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock valued at $362,000 after buying an additional 393 shares during the period. Juncture Wealth Strategies LLC lifted its position in Global-E Online by 3.9% in the fourth quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company’s stock valued at $718,000 after buying an additional 494 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Global-E Online by 6.8% during the third quarter. Daiwa Securities Group Inc. now owns 7,800 shares of the company’s stock worth $300,000 after buying an additional 500 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Global-E Online by 1.6% during the third quarter. Van ECK Associates Corp now owns 32,828 shares of the company’s stock valued at $1,235,000 after acquiring an additional 508 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

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.