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

Global-E Online (NASDAQ:GLBE) had its price target hoisted by JMP Securities from $46.00 to $64.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

A number of other research analysts have also weighed in on GLBE. UBS Group reduced their price target on Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price objective on shares of Global-E Online in a research note on Monday, November 18th. Jefferies Financial Group raised 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. Benchmark upped their price target on shares of Global-E Online from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, KeyCorp lowered their price target on Global-E Online from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Global-E Online currently has an average rating of “Moderate Buy” and a consensus target price of $49.92.

Global-E Online Stock Performance

GLBE stock opened at $49.89 on Thursday. Global-E Online has a 1 year low of $28.11 and a 1 year high of $52.26. The firm has a market cap of $8.19 billion, a P/E ratio of -86.02 and a beta of 1.10. The stock’s 50 day moving average price is $39.16 and its 200 day moving average price is $35.29.

Institutional Trading of Global-E Online

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in Global-E Online during the 3rd quarter worth $32,000. Toronto Dominion Bank acquired a new position in shares of Global-E Online in the 2nd quarter worth approximately $40,000. Venturi Wealth Management LLC bought a new stake in shares of Global-E Online in the 3rd quarter valued at approximately $87,000. Quarry LP raised its position 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 valued at $88,000 after acquiring an additional 1,585 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Global-E Online by 18.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock worth $146,000 after purchasing an additional 624 shares during the last quarter. 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.