Global-E Online (NASDAQ:GLBE) Given New $55.00 Price Target at Raymond James

Global-E Online (NASDAQ:GLBE) had its target price increased by Raymond James from $41.00 to $55.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 8.89% from the stock’s current price.

GLBE has been the topic of several other research reports. JMP Securities boosted their price target on shares of Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research report on Thursday. Piper Sandler restated an “overweight” rating and set a $63.00 price objective (up previously from $44.00) on shares of Global-E Online in a research report on Thursday. UBS Group reduced 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. Jefferies Financial Group increased their price objective on shares of Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. Finally, KeyCorp decreased their price objective on shares of Global-E Online from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.92.

Global-E Online Stock Performance

Global-E Online stock traded up $2.65 during mid-day trading on Thursday, reaching $50.51. The company’s stock had a trading volume of 1,644,777 shares, compared to its average volume of 1,114,100. The firm’s fifty day moving average price is $38.65 and its two-hundred day moving average price is $35.02. Global-E Online has a 12-month low of $28.11 and a 12-month high of $52.26. The company has a market capitalization of $8.30 billion, a P/E ratio of -76.91 and a beta of 1.10.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CIBC Asset Management Inc raised its stake in shares of Global-E Online by 4.4% in the 3rd quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock valued at $362,000 after acquiring an additional 393 shares in the last quarter. American International Group Inc. increased its holdings in shares of Global-E Online by 3.2% in the first quarter. American International Group Inc. now owns 15,619 shares of the company’s stock worth $568,000 after acquiring an additional 484 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Global-E Online by 7.4% during the second quarter. Daiwa Securities Group Inc. now owns 7,300 shares of the company’s stock worth $265,000 after buying an additional 500 shares in the last quarter. Van ECK Associates Corp grew its stake in Global-E Online by 1.6% in the third quarter. Van ECK Associates Corp now owns 32,828 shares of the company’s stock valued at $1,235,000 after purchasing an additional 508 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Global-E Online by 18.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,010 shares of the company’s stock worth $146,000 after purchasing an additional 624 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

About Global-E Online

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.