Global-E Online (NASDAQ:GLBE) Given New $45.00 Price Target at Benchmark

Global-E Online (NASDAQ:GLBE) had its price objective boosted by Benchmark from $41.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Global-E Online in a research report on Monday. Piper Sandler reiterated a “buy” rating on shares of Global-E Online in a research report on Friday, October 18th. Morgan Stanley downgraded Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective for the company. in a research report on Friday, October 18th. Bank of America cut their price objective on Global-E Online from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, UBS Group cut their price objective on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.27.

Global-E Online Stock Performance

Shares of GLBE opened at $40.82 on Monday. The stock has a fifty day moving average price of $38.28 and a two-hundred day moving average price of $34.85. Global-E Online has a 52-week low of $28.11 and a 52-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.

Institutional Investors Weigh In On Global-E Online

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in shares of Global-E Online in the third quarter worth about $32,000. Toronto Dominion Bank bought a new position in shares of Global-E Online during the second quarter worth about $40,000. Venturi Wealth Management LLC bought a new position in shares of Global-E Online during the third quarter worth about $87,000. Quarry LP grew its holdings in shares of 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 buying an additional 1,585 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Global-E Online by 18.4% during 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 in 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.