Piper Sandler Issues Positive Forecast for Global-E Online (NASDAQ:GLBE) Stock Price

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

Several other brokerages also recently commented on GLBE. Morgan Stanley downgraded Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price for the company. in a research note on Friday, October 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 report on Thursday, November 21st. Needham & Company LLC restated a “buy” rating and set a $48.00 target price on shares of Global-E Online in a research note on Monday, November 18th. Benchmark increased their price target on shares of Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Jefferies Financial Group boosted 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.58.

Global-E Online Price Performance

Shares of GLBE stock opened at $54.12 on Monday. The stock has a market cap of $8.89 billion, a P/E ratio of -93.31 and a beta of 1.22. The company has a fifty day moving average price of $49.37 and a two-hundred day moving average price of $40.46. Global-E Online has a one year low of $28.11 and a one year high of $57.85.

Institutional Trading of Global-E Online

Several large investors have recently modified their holdings of GLBE. CIBC Asset Management Inc lifted its position in Global-E Online by 4.4% during the third quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock worth $362,000 after purchasing an additional 393 shares during the period. Daiwa Securities Group Inc. raised its position in Global-E Online by 7.4% during the second quarter. Daiwa Securities Group Inc. now owns 7,300 shares of the company’s stock valued at $265,000 after purchasing an additional 500 shares in the last quarter. Van ECK Associates Corp lifted its stake in Global-E Online by 1.6% during the third quarter. Van ECK Associates Corp now owns 32,828 shares of the company’s stock worth $1,235,000 after purchasing an additional 508 shares during the last quarter. Lombard Odier Asset Management USA Corp boosted its holdings in shares of Global-E Online by 6.2% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 10,782 shares of the company’s stock valued at $391,000 after purchasing an additional 632 shares in the last quarter. Finally, Focus Financial Network Inc. raised its holdings in shares of Global-E Online by 11.2% during the 3rd quarter. Focus Financial Network Inc. now owns 6,899 shares of the company’s stock worth $265,000 after buying an additional 694 shares in the last quarter. 94.60% 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.