Global-e Online (NASDAQ:GLBE – Get Rating) had its price target lifted by Raymond James from $35.00 to $40.00 in a research report sent to investors on Tuesday, The Fly reports.
Several other equities analysts have also recently commented on GLBE. Piper Sandler upped their price target on Global-e Online from $27.00 to $34.00 and gave the company an overweight rating in a report on Thursday, February 23rd. Bank of America upped their price target on Global-e Online from $36.00 to $42.00 in a report on Tuesday. KeyCorp upped their price target on Global-e Online from $35.00 to $40.00 and gave the company an overweight rating in a report on Wednesday, April 5th. Jefferies Financial Group upped their price target on Global-e Online from $35.00 to $40.00 in a report on Monday. Finally, Needham & Company LLC reiterated a buy rating and issued a $44.00 price objective on shares of Global-e Online in a research note on Thursday, February 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $37.88.
Global-e Online Stock Down 6.1 %
Shares of Global-e Online stock opened at $32.80 on Tuesday. Global-e Online has a 12-month low of $16.32 and a 12-month high of $37.65. The firm has a market capitalization of $5.29 billion, a PE ratio of -26.24 and a beta of 1.25. The stock’s fifty day moving average is $29.93 and its 200-day moving average is $26.30.
Institutional Investors Weigh In On Global-e Online
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in Global-e Online by 446.5% during the 4th quarter. SG Americas Securities LLC now owns 72,540 shares of the company’s stock valued at $1,497,000 after purchasing an additional 59,266 shares in the last quarter. Dragoneer Investment Group LLC increased its stake in shares of Global-e Online by 45.1% in the 3rd quarter. Dragoneer Investment Group LLC now owns 8,962,409 shares of the company’s stock valued at $239,834,000 after buying an additional 2,783,926 shares during the period. Barton Investment Management increased its stake in shares of Global-e Online by 117.6% in the 4th quarter. Barton Investment Management now owns 376,745 shares of the company’s stock valued at $7,776,000 after buying an additional 203,572 shares during the period. Sigma Planning Corp increased its stake in shares of Global-e Online by 17.4% in the 3rd quarter. Sigma Planning Corp now owns 18,152 shares of the company’s stock valued at $486,000 after buying an additional 2,692 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Global-e Online in the 3rd quarter valued at $33,502,000. 61.12% of the stock is 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.
- Get a free copy of the StockNews.com research report on Global-e Online (GLBE)
- Airline ETFs: What They Are and How to Invest
- Williams-Sonoma Is The Retail Value Play, Here’s Why
- Ladder Corporation: Climbing Higher And Paying 9% Yield
- Microbot Medical spikes 150% on its Endovascular Surgical Robot
- PetMed Express: Charts Say This Could Be The Bottom
Receive News & Ratings for Global-e Online Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global-e Online and related companies with MarketBeat.com's FREE daily email newsletter.