Global-e Online (NASDAQ:GLBE) PT Lowered to $32.00

Global-e Online (NASDAQ:GLBEGet Rating) had its price objective lowered by Jefferies Financial Group from $42.00 to $32.00 in a research note issued to investors on Thursday morning, The Fly reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other brokerages also recently commented on GLBE. Morgan Stanley increased their price target on Global-e Online from $34.00 to $51.00 and gave the company an overweight rating in a report on Wednesday, August 17th. KeyCorp increased their price target on Global-e Online from $30.00 to $40.00 and gave the company an overweight rating in a report on Wednesday, August 17th. The Goldman Sachs Group increased their target price on Global-e Online from $31.00 to $40.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Bank of America increased their target price on Global-e Online from $30.00 to $40.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Finally, Raymond James increased their target price on Global-e Online from $25.00 to $40.00 and gave the stock an outperform rating in a report on Wednesday, August 17th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of Buy and an average target price of $36.67.

Global-e Online Stock Performance

Shares of GLBE opened at $20.42 on Thursday. The company has a market capitalization of $3.18 billion, a P/E ratio of -16.74 and a beta of 1.07. Global-e Online has a one year low of $15.63 and a one year high of $69.83. The stock has a 50-day moving average price of $26.04 and a 200 day moving average price of $24.85.

Institutional Trading of Global-e Online

Institutional investors and hedge funds have recently made changes to their positions in the stock. Eventide Asset Management LLC raised its position in shares of Global-e Online by 16.6% during the 1st quarter. Eventide Asset Management LLC now owns 2,495,391 shares of the company’s stock worth $84,294,000 after purchasing an additional 355,505 shares during the period. TimesSquare Capital Management LLC raised its position in shares of Global-e Online by 29.2% during the 2nd quarter. TimesSquare Capital Management LLC now owns 903,040 shares of the company’s stock worth $18,214,000 after purchasing an additional 203,900 shares during the period. Dragoneer Investment Group LLC increased its position in Global-e Online by 81.7% in the 1st quarter. Dragoneer Investment Group LLC now owns 2,243,489 shares of the company’s stock valued at $75,785,000 after acquiring an additional 1,008,637 shares during the period. New York State Common Retirement Fund acquired a new stake in Global-e Online in the 1st quarter valued at approximately $3,775,000. Finally, Zevenbergen Capital Investments LLC increased its position in Global-e Online by 2.6% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 1,510,302 shares of the company’s stock valued at $51,018,000 after acquiring an additional 37,889 shares during the period. 68.15% of the stock is currently owned by institutional investors and hedge funds.

Global-e Online Company Profile

(Get Rating)

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.

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Analyst Recommendations for Global-e Online (NASDAQ:GLBE)

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