Jefferies Financial Group Issues Positive Forecast for Global-E Online (NASDAQ:GLBE) Stock Price

Global-E Online (NASDAQ:GLBE) had its price target upped by investment analysts at Jefferies Financial Group from $45.00 to $50.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 22.88% from the stock’s current price.

Several other equities analysts also recently issued reports on GLBE. Piper Sandler reaffirmed a “buy” rating on shares of Global-E Online in a research note on Friday, October 18th. Bank of America dropped their price target on shares of Global-E Online from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research note on Monday. KeyCorp dropped their price target on shares of Global-E Online from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Finally, UBS Group dropped their price target 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. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.27.

Global-E Online Stock Performance

Shares of NASDAQ GLBE traded up $0.39 during trading hours on Monday, hitting $40.69. 94,524 shares of the stock were exchanged, compared to its average volume of 1,084,599. The company has a market cap of $6.68 billion, a PE ratio of -62.60 and a beta of 1.10. The company’s fifty day simple moving average is $38.16 and its two-hundred day simple moving average is $34.79. Global-E Online has a 1-year low of $28.11 and a 1-year high of $43.52.

Institutional Investors Weigh In On Global-E Online

A number of institutional investors have recently added to or reduced their stakes in GLBE. Tidal Investments LLC purchased a new position in Global-E Online in the first quarter valued at about $2,521,000. Capital International Investors lifted its stake in shares of Global-E Online by 51.2% during the 1st quarter. Capital International Investors now owns 1,003,229 shares of the company’s stock valued at $36,467,000 after buying an additional 339,591 shares in the last quarter. Dragoneer Investment Group LLC lifted its stake in shares of Global-E Online by 9.6% during the 2nd quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company’s stock valued at $534,403,000 after buying an additional 1,288,829 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Global-E Online during the 2nd quarter valued at approximately $623,000. Finally, Clearbridge Investments LLC purchased a new stake in shares of Global-E Online during the 2nd quarter valued at approximately $83,036,000. 94.60% of the stock is owned by institutional investors.

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.