Jefferies Financial Group Forecasts Strong Price Appreciation for Global-E Online (NASDAQ:GLBE) Stock

Global-E Online (NASDAQ:GLBE) had its target price boosted by Jefferies Financial Group from $45.00 to $50.00 in a research note published on Monday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other research firms have also recently commented on GLBE. Piper Sandler reaffirmed a “buy” rating on shares of Global-E Online in a research note on Friday, October 18th. KeyCorp lowered their price objective on Global-E Online from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price for the company. in a research note on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price target on shares of Global-E Online in a research note on Monday. Finally, UBS Group dropped their price objective on shares of Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Global-E Online currently has an average rating of “Moderate Buy” and an average price target of $49.92.

Global-E Online Trading Up 4.2 %

NASDAQ:GLBE opened at $49.89 on Monday. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of -76.75 and a beta of 1.10. Global-E Online has a 12-month low of $28.11 and a 12-month high of $52.26. The company’s 50-day moving average is $38.90 and its two-hundred day moving average is $35.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GLBE. Capital Performance Advisors LLP bought a new position in Global-E Online during the 3rd quarter valued at $32,000. Toronto Dominion Bank acquired a new position in Global-E Online in the second quarter valued at approximately $40,000. Venturi Wealth Management LLC acquired a new stake in shares of Global-E Online during the 3rd quarter worth approximately $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 purchasing an additional 1,585 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in Global-E Online by 18.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock worth $146,000 after buying an additional 624 shares during the period. Institutional investors and hedge funds 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.