JMP Securities Forecasts Strong Price Appreciation for Global-E Online (NASDAQ:GLBE) Stock

Global-E Online (NASDAQ:GLBE - Get Free Report) had its target price raised by stock analysts at JMP Securities from $46.00 to $64.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. JMP Securities' price target indicates a potential upside of 28.28% from the stock's current price.

A number of other equities research analysts also recently weighed in on the company. UBS Group lowered their price target on 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. Bank of America cut their target price on Global-E Online from $47.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Piper Sandler reissued a "buy" rating on shares of Global-E Online in a research note on Friday, October 18th. Benchmark upped their price objective on shares of Global-E Online from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Monday. Finally, KeyCorp reduced their target price on shares of Global-E Online from $40.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, August 15th. One investment 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 presently has a consensus rating of "Moderate Buy" and an average price target of $49.92.

Global-E Online Stock Performance

Global-E Online stock traded up $2.03 during mid-day trading on Thursday, hitting $49.89. 4,083,354 shares of the company traded hands, compared to its average volume of 1,125,225. The stock has a fifty day moving average price of $38.65 and a 200-day moving average price of $35.02. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of -76.91 and a beta of 1.10. Global-E Online has a one year low of $28.11 and a one year high of $52.26.

Institutional Trading of Global-E Online

Several large investors have recently modified their holdings of GLBE. Capital Performance Advisors LLP purchased a new position in Global-E Online during the 3rd quarter valued at $32,000. Toronto Dominion Bank purchased a new position in shares of Global-E Online during the second quarter valued at about $40,000. Venturi Wealth Management LLC bought a new position in Global-E Online in the third quarter worth about $87,000. Quarry LP boosted its position in Global-E Online by 226.1% during the 3rd quarter. Quarry LP now owns 2,286 shares of the company's stock valued at $88,000 after acquiring an additional 1,585 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Global-E Online by 18.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company's stock worth $146,000 after acquiring an additional 624 shares during the period. 94.60% of the stock is owned by institutional investors.

About Global-E Online

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.