Analysts Set Global-e Online Ltd. (NASDAQ:GLBE) Target Price at $41.89

Global-e Online Ltd. (NASDAQ:GLBE – Get Rating) has been assigned an average recommendation of “Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $41.89.

A number of brokerages have recently issued reports on GLBE. Jefferies Financial Group cut their price objective on shares of Global-e Online from $70.00 to $31.00 in a research report on Tuesday, May 17th. JMP Securities cut their price objective on shares of Global-e Online from $80.00 to $41.00 and set a “market outperform” rating on the stock in a research report on Tuesday, May 17th. Raymond James cut their price objective on shares of Global-e Online from $55.00 to $25.00 in a research report on Tuesday, May 17th. The Goldman Sachs Group cut their price objective on shares of Global-e Online from $78.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, April 8th. Finally, Piper Sandler lowered their target price on shares of Global-e Online from $58.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, May 17th.

Shares of Global-e Online stock opened at $18.30 on Friday. The firm’s 50 day moving average price is $22.09 and its 200-day moving average price is $35.39. Global-e Online has a 52-week low of $15.63 and a 52-week high of $83.77. The company has a market cap of $2.60 billion and a P/E ratio of -19.47.

A number of hedge funds have recently added to or reduced their stakes in the stock. ACT Capital Management LLC acquired a new stake in shares of Global-e Online in the fourth quarter worth $1,426,000. Blair William & Co. IL acquired a new stake in Global-e Online during the 4th quarter worth about $233,000. Goldman Sachs Group Inc. acquired a new stake in Global-e Online during the 3rd quarter worth about $1,584,000. Vetamer Capital Management L.P. acquired a new stake in Global-e Online during the 4th quarter worth about $4,512,000. Finally, Malaga Cove Capital LLC acquired a new stake in Global-e Online during the 4th quarter worth about $420,000. Institutional investors own 69.42% of the company’s stock.

About Global-e Online (Get Rating)

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.

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