Global-e Online (NASDAQ:GLBE) PT Lowered to $30.00 at KeyCorp

Global-e Online (NASDAQ:GLBEGet Rating) had its target price trimmed by KeyCorp from $40.00 to $30.00 in a research report report published on Thursday, The Fly reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also recently commented on GLBE. Needham & Company LLC boosted their price target on shares of Global-e Online from $25.00 to $44.00 and gave the stock a buy rating in a report on Wednesday, August 17th. The Goldman Sachs Group boosted their price target on shares of Global-e Online from $31.00 to $40.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Bank of America boosted their price target on shares of Global-e Online from $30.00 to $40.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Jefferies Financial Group lowered their price target on shares of Global-e Online from $42.00 to $32.00 and set a buy rating for the company in a report on Thursday. Finally, Morgan Stanley boosted their price target on shares of Global-e Online from $34.00 to $51.00 and gave the stock an overweight rating in a report on Wednesday, August 17th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of Buy and an average target price of $36.67.

Global-e Online Stock Down 1.5 %

Shares of GLBE opened at $20.42 on Thursday. Global-e Online has a fifty-two week low of $15.63 and a fifty-two week high of $69.83. The firm’s 50 day moving average price is $26.04 and its 200 day moving average price is $24.84. The company has a market cap of $3.18 billion, a P/E ratio of -16.74 and a beta of 1.07.

Institutional Trading of Global-e Online

Large investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its position in Global-e Online by 176.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,647 shares of the company’s stock worth $44,000 after buying an additional 1,052 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Global-e Online by 22.9% during the 2nd quarter. Asset Management One Co. Ltd. now owns 2,418 shares of the company’s stock worth $48,000 after buying an additional 451 shares during the last quarter. Focused Wealth Management Inc raised its position in Global-e Online by 31.6% during the 2nd quarter. Focused Wealth Management Inc now owns 2,500 shares of the company’s stock worth $50,000 after buying an additional 600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Global-e Online during the 2nd quarter worth $54,000. Finally, Tortoise Index Solutions LLC raised its position in Global-e Online by 42.0% during the 2nd quarter. Tortoise Index Solutions LLC now owns 3,014 shares of the company’s stock worth $61,000 after buying an additional 891 shares during the last quarter. Institutional investors and hedge funds own 68.15% of the company’s stock.

Global-e Online Company Profile

(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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Analyst Recommendations for Global-e Online (NASDAQ:GLBE)

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