Global-E Online Ltd. (NASDAQ:GLBE) Given Consensus Recommendation of "Moderate Buy" by Analysts

Global-E Online Ltd. (NASDAQ:GLBE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $51.33.

Several equities analysts recently commented on GLBE shares. Wells Fargo & Company upped their target price on shares of Global-E Online from $45.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their target price on shares of Global-E Online from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Morgan Stanley cut shares of 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. Piper Sandler reissued an "overweight" rating and issued a $63.00 price target (up previously from $44.00) on shares of Global-E Online in a report on Thursday, November 21st. Finally, Raymond James boosted their price target on shares of Global-E Online from $41.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, November 21st.

Institutional Investors Weigh In On Global-E Online

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. bought a new stake in Global-E Online during the 3rd quarter worth about $223,000. Tidal Investments LLC grew its holdings in Global-E Online by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 70,792 shares of the company's stock worth $2,721,000 after acquiring an additional 3,129 shares during the last quarter. Barclays PLC grew its holdings in Global-E Online by 83.2% during the 3rd 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 grew its holdings in Global-E Online by 3.4% during the 3rd 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. Finally, Public Employees Retirement System of Ohio acquired a new position in Global-E Online during the 3rd quarter valued at about $2,843,000. Institutional investors own 94.60% of the company's stock.

Global-E Online Price Performance

Shares of Global-E Online stock traded up $0.10 on Tuesday, reaching $52.45. The stock had a trading volume of 1,840,399 shares, compared to its average volume of 1,146,778. The business's 50-day moving average price is $40.60 and its two-hundred day moving average price is $36.08. Global-E Online has a fifty-two week low of $28.11 and a fifty-two week high of $53.05.

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.