Piper Sandler Boosts Global-E Online (NASDAQ:GLBE) Price Target to $66.00

Global-E Online (NASDAQ:GLBE) had its target price raised by equities research analysts at Piper Sandler from $63.00 to $66.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 25.59% from the stock’s current price.

GLBE has been the topic of several other reports. UBS Group decreased their target price on shares of 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. Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective for the company. in a research note on Friday, October 18th. Wells Fargo & Company boosted their target price on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group raised their price target on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, JMP Securities boosted 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, November 21st. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.58.

Global-E Online Trading Down 2.9 %

NASDAQ:GLBE opened at $52.55 on Monday. The business’s 50-day moving average is $49.64 and its 200 day moving average is $40.61. Global-E Online has a 12 month low of $28.11 and a 12 month high of $57.85. The company has a market capitalization of $8.63 billion, a P/E ratio of -90.60 and a beta of 1.22.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Global-E Online by 166.9% during the 2nd quarter. Principal Financial Group Inc. now owns 18,365 shares of the company’s stock valued at $666,000 after acquiring an additional 11,484 shares during the period. CIBC Asset Management Inc grew its position in Global-E Online by 6.5% during the 2nd quarter. CIBC Asset Management Inc now owns 9,027 shares of the company’s stock worth $327,000 after purchasing an additional 547 shares during the period. TD Asset Management Inc raised its stake in shares of Global-E Online by 4.7% during the 2nd quarter. TD Asset Management Inc now owns 30,304 shares of the company’s stock valued at $1,099,000 after buying an additional 1,373 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Global-E Online in the 2nd quarter valued at about $220,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Global-E Online by 7.4% in the second quarter. Daiwa Securities Group Inc. now owns 7,300 shares of the company’s stock worth $265,000 after buying an additional 500 shares during 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.