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

Global-E Online (NASDAQ:GLBE - Get Free Report) had its price objective lifted by stock analysts at Piper Sandler from $63.00 to $66.00 in a report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's target price would indicate a potential upside of 21.95% from the stock's previous close.

GLBE has been the topic of several other research reports. 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. Needham & Company LLC restated a "buy" rating and set a $48.00 price objective on shares of Global-E Online in a research report on Monday, November 18th. KeyCorp raised their target price on shares of Global-E Online from $38.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. Raymond James boosted their target price on shares of Global-E Online from $41.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Finally, JMP Securities raised their price target on Global-E Online from $46.00 to $64.00 and gave the stock a "market outperform" rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Global-E Online presently has an average rating of "Moderate Buy" and an average target price of $51.58.

Global-E Online Stock Performance

Shares of GLBE stock traded down $0.86 during mid-day trading on Monday, hitting $54.12. The company's stock had a trading volume of 1,146,970 shares, compared to its average volume of 1,105,423. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of -93.31 and a beta of 1.22. Global-E Online has a 52-week low of $28.11 and a 52-week high of $57.85. The business has a 50-day moving average price of $49.06 and a 200 day moving average price of $40.30.

Institutional Trading of Global-E Online

Hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in shares of Global-E Online in the third quarter worth about $32,000. Toronto Dominion Bank purchased a new position in Global-E Online during the 2nd quarter valued at approximately $40,000. Venturi Wealth Management LLC bought a new stake in Global-E Online in the 3rd quarter worth approximately $87,000. Quarry LP raised its holdings in shares of 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 in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Global-E Online during the 2nd quarter valued at approximately $220,000. Hedge funds and other 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.