Global-e Online (NASDAQ:GLBE) Stock Price Up 4.9%

Global-e Online Ltd. (NASDAQ:GLBE)’s stock price rose 4.9% during trading on Thursday . The stock traded as high as $62.41 and last traded at $61.92. Approximately 15,204 shares changed hands during trading, a decline of 98% from the average daily volume of 838,230 shares. The stock had previously closed at $59.02.

A number of equities research analysts have recently issued reports on GLBE shares. Morgan Stanley started coverage on Global-e Online in a research report on Monday, June 7th. They issued an “overweight” rating and a $42.00 price target for the company. Piper Sandler started coverage on Global-e Online in a research report on Monday, June 7th. They issued an “overweight” rating and a $42.00 price target for the company. Raymond James started coverage on Global-e Online in a research report on Monday, June 7th. They issued an “outperform” rating and a $41.00 price target for the company. The Goldman Sachs Group began coverage on Global-e Online in a research report on Monday, June 7th. They issued a “buy” rating and a $44.00 price target for the company. Finally, Jefferies Financial Group began coverage on Global-e Online in a research report on Monday, June 7th. They issued a “buy” rating and a $44.00 price objective for the company. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $42.57.

The firm’s 50 day simple moving average is $45.93.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings data on Thursday, June 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $46.15 million during the quarter. On average, equities research analysts forecast that Global-e Online Ltd. will post -0.58 earnings per share for the current fiscal year.

Global-e Online Company Profile (NASDAQ:GLBE)

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, and internationally. Its platform enables international shoppers to buy online; and merchants to sell from and to anywhere in the world.

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