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

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

Several other research firms have also issued reports on GLBE. KeyCorp reduced their price target on Global-E Online from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Needham & Company LLC restated a “buy” rating and set a $48.00 target price on shares of Global-E Online in a research report on Monday. UBS Group reduced their price objective on shares of 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. Bank of America lowered their target price on shares of Global-E Online from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Morgan Stanley cut shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target on the stock. in a research report on Friday, October 18th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.27.

Global-E Online Price Performance

GLBE opened at $40.82 on Monday. Global-E Online has a fifty-two week low of $28.11 and a fifty-two week high of $43.52. The company has a market cap of $6.70 billion, a price-to-earnings ratio of -62.80 and a beta of 1.10. The firm has a 50 day simple moving average of $38.28 and a 200 day simple moving average of $34.85.

Institutional Investors Weigh In On Global-E Online

Several institutional investors have recently bought and sold shares of GLBE. Capital Performance Advisors LLP acquired a new position in Global-E Online during the third quarter valued at approximately $32,000. Toronto Dominion Bank bought a new position in shares of Global-E Online in the second quarter valued at $40,000. Venturi Wealth Management LLC acquired a new position in Global-E Online during the third quarter worth $87,000. Quarry LP raised its position in Global-E Online by 226.1% during the third quarter. Quarry LP now owns 2,286 shares of the company’s stock worth $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% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock valued at $146,000 after acquiring 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.