Global-E Online (NASDAQ:GLBE - Get Free Report) had its target price increased by research analysts at KeyCorp from $38.00 to $55.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. KeyCorp's price objective suggests a potential upside of 6.57% from the stock's current price.
GLBE has been the topic of several other reports. Raymond James raised their price target on shares of Global-E Online from $41.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Piper Sandler reaffirmed 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. Jefferies Financial Group lifted their price objective on Global-E Online from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Benchmark upped their target price on Global-E Online from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $48.00 price target on shares of Global-E Online in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $51.33.
Check Out Our Latest Stock Report on Global-E Online
Global-E Online Stock Performance
Shares of GLBE traded down $0.41 during mid-day trading on Tuesday, hitting $51.61. The company's stock had a trading volume of 747,323 shares, compared to its average volume of 1,142,823. The stock's 50-day moving average is $39.47 and its two-hundred day moving average is $35.45. The firm has a market capitalization of $8.48 billion, a PE ratio of -89.69 and a beta of 1.10. Global-E Online has a one year low of $28.11 and a one year high of $52.57.
Institutional Trading of Global-E Online
Large investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Global-E Online in the 3rd quarter worth approximately $32,000. Toronto Dominion Bank bought a new position in Global-E Online in the 2nd quarter valued at $40,000. Venturi Wealth Management LLC acquired a new position in Global-E Online in the third quarter worth $87,000. Quarry LP grew its holdings in shares of Global-E Online by 226.1% during the third quarter. Quarry LP now owns 2,286 shares of the company's stock worth $88,000 after purchasing an additional 1,585 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased 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 buying an additional 624 shares in the last quarter. 94.60% of the stock is owned by institutional investors.
Global-E Online Company Profile
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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.
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