Global-E Online (NASDAQ:GLBE) Price Target Raised to $45.00 at Benchmark

Global-E Online (NASDAQ:GLBE) had its target price hoisted by Benchmark from $41.00 to $45.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on GLBE. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Global-E Online in a report on Monday. UBS Group decreased their price target on shares of Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. KeyCorp decreased their price target on shares of Global-E Online from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Bank of America decreased 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. Finally, Piper Sandler restated a “buy” rating on shares of Global-E Online in a research note on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.27.

Global-E Online Price Performance

NASDAQ:GLBE opened at $47.86 on Monday. Global-E Online has a one year low of $28.11 and a one year high of $52.26. The company has a market cap of $7.86 billion, a P/E ratio of -73.63 and a beta of 1.10. The firm’s fifty day moving average price is $38.65 and its two-hundred day moving average price is $35.02.

Institutional Investors Weigh In On Global-E Online

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Global-E Online by 83.2% in the third quarter. Barclays PLC now owns 29,636 shares of the company’s stock worth $1,139,000 after acquiring an additional 13,463 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Global-E Online by 3.4% in the third quarter. Geode Capital Management LLC now owns 933,476 shares of the company’s stock worth $35,722,000 after acquiring an additional 30,995 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Global-E Online in the third quarter worth about $2,843,000. Pier Capital LLC lifted its holdings in shares of Global-E Online by 15.2% in the third quarter. Pier Capital LLC now owns 141,660 shares of the company’s stock worth $5,445,000 after acquiring an additional 18,646 shares during the last quarter. Finally, Main Management ETF Advisors LLC bought a new position in shares of Global-E Online in the third quarter worth about $1,879,000. Institutional investors own 94.60% of the company’s stock.

About Global-E Online

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.