Global-E Online (NASDAQ:GLBE) Earns “Overweight” Rating from Piper Sandler

Piper Sandler reissued their overweight rating on shares of Global-E Online (NASDAQ:GLBE) in a research report report published on Thursday,Benzinga reports. The firm currently has a $63.00 target price on the stock, up from their previous target price of $44.00.

GLBE has been the subject of several other reports. Benchmark upped their target price on shares of Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 18th. JMP Securities upped their price objective on shares of Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research report on Thursday. UBS Group decreased their target price on Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Bank of America cut their price target on Global-E Online from $47.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Jefferies Financial Group lifted their price objective on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.92.

Global-E Online Price Performance

Shares of NASDAQ GLBE opened at $49.89 on Thursday. Global-E Online has a 12 month low of $28.11 and a 12 month high of $52.26. The company has a market cap of $8.19 billion, a P/E ratio of -86.02 and a beta of 1.10. The business’s 50 day moving average is $39.16 and its two-hundred day moving average is $35.26.

Institutional Investors Weigh In On Global-E Online

Several large investors have recently made changes to their positions in GLBE. Capital Performance Advisors LLP bought a new position in Global-E Online during the 3rd quarter valued at about $32,000. Toronto Dominion Bank bought a new position in shares of Global-E Online in the second quarter valued at approximately $40,000. Venturi Wealth Management LLC acquired a new position in shares of Global-E Online in the 3rd quarter worth approximately $87,000. Quarry LP grew its position in Global-E Online by 226.1% during the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock worth $88,000 after acquiring an additional 1,585 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Global-E Online by 18.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock valued at $146,000 after purchasing an additional 624 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

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.