Global-E Online Ltd. (NASDAQ:GLBE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Global-E Online Ltd. (NASDAQ:GLBE) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $54.08.

A number of brokerages have commented on GLBE. KeyCorp upped their target price on shares of Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Raymond James increased their price objective 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. Wells Fargo & Company increased their price objective on shares of Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Piper Sandler increased their price objective on shares of Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Benchmark increased 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, November 18th.

Global-E Online Price Performance

Shares of GLBE stock opened at $62.84 on Friday. The company has a market capitalization of $10.32 billion, a P/E ratio of -108.34, a P/E/G ratio of 6.16 and a beta of 1.23. The company’s 50-day simple moving average is $56.64 and its two-hundred day simple moving average is $45.01. Global-E Online has a one year low of $28.11 and a one year high of $63.25.

Institutional Investors Weigh In On Global-E Online

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Global-E Online by 69.1% in the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after buying an additional 197 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Global-E Online by 1,968.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock worth $43,000 after buying an additional 748 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Global-E Online in the third quarter worth $32,000. Arcadia Investment Management Corp MI purchased a new position in shares of Global-E Online in the fourth quarter worth $59,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Global-E Online in the fourth quarter worth $65,000. 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.