Global-E Online (NASDAQ:GLBE) Given New $64.00 Price Target at JMP Securities

Global-E Online (NASDAQ:GLBE) had its target price lifted by JMP Securities from $46.00 to $64.00 in a report released on Thursday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Other analysts have also recently issued research reports about the company. UBS Group cut their target price on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. KeyCorp cut their price objective on shares of Global-E Online from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Bank of America lowered their target price on shares of Global-E Online from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Global-E Online in a research note on Monday. Finally, Jefferies Financial Group boosted their price target on shares of Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.92.

Global-E Online Stock Down 0.7 %

GLBE stock traded down $0.37 during trading on Thursday, reaching $49.52. The company’s stock had a trading volume of 315,370 shares, compared to its average volume of 1,121,407. The company’s fifty day moving average is $38.90 and its 200-day moving average is $35.12. The company has a market capitalization of $8.13 billion, a P/E ratio of -76.75 and a beta of 1.10. Global-E Online has a 1 year low of $28.11 and a 1 year high of $52.26.

Institutional Investors Weigh In On Global-E Online

Several large investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its holdings in shares of Global-E Online by 4.4% in the 3rd 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. American International Group Inc. lifted its position in Global-E Online by 3.2% in the first quarter. American International Group Inc. now owns 15,619 shares of the company’s stock worth $568,000 after buying an additional 484 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake 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 worth $265,000 after buying an additional 500 shares during the period. Van ECK Associates Corp increased its position 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 valued at $1,235,000 after acquiring an additional 508 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Global-E Online by 18.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock valued at $146,000 after acquiring an additional 624 shares during the period. 94.60% of the stock is owned by institutional investors.

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.