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

Shares of Global-E Online Ltd. (NASDAQ:GLBE) have earned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $51.33.

Several equities analysts recently issued reports on GLBE shares. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price objective on shares of Global-E Online in a report on Monday, November 18th. Piper Sandler reaffirmed an “overweight” rating and set a $63.00 price objective (up from $44.00) on shares of Global-E Online in a report on Thursday, November 21st. Wells Fargo & Company lifted their price objective on Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Morgan Stanley cut Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective for the company. in a report on Friday, October 18th. Finally, KeyCorp lifted their price objective on Global-E Online from $38.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th.

Global-E Online Price Performance

Global-E Online stock opened at $52.35 on Tuesday. Global-E Online has a 1-year low of $28.11 and a 1-year high of $52.85. The company has a market cap of $8.60 billion, a PE ratio of -90.26 and a beta of 1.10. The stock’s 50 day moving average price is $40.60 and its 200 day moving average price is $36.08.

Institutional Investors Weigh In On Global-E Online

A number of hedge funds and other institutional investors have recently made changes to their positions in GLBE. Capital Performance Advisors LLP purchased a new stake in shares of Global-E Online in the third quarter valued at $32,000. Toronto Dominion Bank purchased a new stake in shares of Global-E Online in the second quarter valued at $40,000. Venturi Wealth Management LLC purchased a new stake in shares of Global-E Online in the third quarter valued at $87,000. Quarry LP grew its position in shares of Global-E Online by 226.1% in the third quarter. Quarry LP now owns 2,286 shares of the company’s stock valued at $88,000 after purchasing an additional 1,585 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position 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 purchasing an additional 624 shares during the period. 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.