Global-E Online (NASDAQ:GLBE) Price Target Raised to $66.00

Global-E Online (NASDAQ:GLBE) had its target price lifted by Piper Sandler from $63.00 to $66.00 in a research note published on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on the company. Jefferies Financial Group increased their price target on Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Raymond James lifted their price objective on shares of Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. JMP Securities upped their target price on shares of Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research note on Thursday, November 21st. Needham & Company LLC reissued a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research report on Monday, November 18th. Finally, KeyCorp upped their price objective on shares of Global-E Online from $38.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Global-E Online currently has an average rating of “Moderate Buy” and an average target price of $51.58.

Global-E Online Stock Up 0.4 %

Shares of GLBE opened at $52.78 on Monday. The firm has a market capitalization of $8.67 billion, a PE ratio of -91.00 and a beta of 1.22. Global-E Online has a 12-month low of $28.11 and a 12-month high of $57.85. The stock’s fifty day simple moving average is $49.91 and its 200-day simple moving average is $40.70.

Hedge Funds Weigh In On Global-E Online

A number of large investors have recently modified their holdings of the business. Clearbridge Investments LLC bought a new stake in Global-E Online during the second quarter worth about $83,036,000. Fred Alger Management LLC acquired a new stake in shares of Global-E Online in the 3rd quarter valued at approximately $53,493,000. Dragoneer Investment Group LLC boosted its holdings in shares of Global-E Online by 9.6% in the 2nd quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company’s stock valued at $534,403,000 after buying an additional 1,288,829 shares during the last quarter. Hood River Capital Management LLC bought a new position in shares of Global-E Online in the second quarter valued at $36,182,000. Finally, Eventide Asset Management LLC grew its stake in shares of Global-E Online by 59.1% in the third quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company’s stock valued at $60,091,000 after buying an additional 580,450 shares in 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.