Analysts Set Global-E Online Ltd. (NASDAQ:GLBE) Price Target at $53.25

Global-E Online Ltd. (NASDAQ:GLBE) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $53.25.

A number of research analysts have issued reports on GLBE shares. Wells Fargo & Company upped their price target on shares of Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Piper Sandler raised their target price on Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. JMP Securities lifted their price target on Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 21st. Benchmark increased their price objective on Global-E Online from $41.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Raymond James lifted their target price on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st.

Global-E Online Stock Performance

Shares of NASDAQ 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 has a market cap of $9.33 billion, a PE ratio of -97.90, a P/E/G ratio of 5.85 and a beta of 1.22. The business has a 50-day simple moving average of $53.61 and a two-hundred day simple moving average of $42.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Calamos Wealth Management LLC purchased a new stake in shares of Global-E Online during the 4th quarter worth about $1,083,000. Clay Northam Wealth Management LLC boosted its position in Global-E Online by 3.0% during the fourth quarter. Clay Northam Wealth Management LLC now owns 23,030 shares of the company’s stock worth $1,256,000 after purchasing an additional 675 shares in the last quarter. Jennison Associates LLC acquired a new stake in Global-E Online in the fourth quarter valued at approximately $227,000. Mediolanum International Funds Ltd increased its position in shares of Global-E Online by 260.1% in the fourth quarter. Mediolanum International Funds Ltd now owns 29,814 shares of the company’s stock valued at $1,621,000 after buying an additional 21,534 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Global-E Online by 385.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 41,768 shares of the company’s stock valued at $2,278,000 after buying an additional 33,159 shares in the last quarter. Hedge funds and other 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.