Global-E Online Ltd. (NASDAQ:GLBE) Given Average Rating of “Moderate Buy” by Brokerages

Global-E Online Ltd. (NASDAQ:GLBE) has been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $53.25.

A number of equities research analysts have commented on GLBE shares. Benchmark raised their price target on shares of Global-E Online from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Piper Sandler raised their target price on Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. The Goldman Sachs Group boosted their target price on Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, January 10th. KeyCorp increased their price target on Global-E Online from $38.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $48.00 price objective on shares of Global-E Online in a report on Monday, November 18th.

Global-E Online Price Performance

GLBE opened at $56.78 on Wednesday. Global-E Online has a fifty-two week low of $28.11 and a fifty-two week high of $58.90. The company’s 50 day moving average price is $53.61 and its two-hundred day moving average price is $42.43. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of -97.90, a PEG ratio of 5.85 and a beta of 1.22.

Hedge Funds Weigh In On Global-E Online

Several institutional investors and hedge funds have recently bought and sold shares of GLBE. Fifth Third Bancorp lifted its position 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 valued at $26,000 after acquiring an additional 197 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Global-E Online by 1,968.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock worth $43,000 after purchasing an additional 748 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in 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 worth approximately $40,000. Finally, Blue Trust Inc. grew its holdings in Global-E Online by 696.1% during the 4th quarter. Blue Trust Inc. now owns 2,030 shares of the company’s stock valued at $111,000 after buying an additional 1,775 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

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.