Globant S.A. (NYSE:GLOB - Get Free Report) shares hit a new 52-week low on Friday . The stock traded as low as $147.62 and last traded at $148.14, with a volume of 817710 shares. The stock had previously closed at $152.83.
Analyst Ratings Changes
Several research firms have recently commented on GLOB. Piper Sandler lowered their price target on shares of Globant from $237.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Needham & Company LLC lowered their price target on shares of Globant from $265.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. StockNews.com upgraded shares of Globant from a "sell" rating to a "hold" rating in a research report on Sunday, November 24th. Jefferies Financial Group increased their price target on shares of Globant from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Canaccord Genuity Group lowered their price target on shares of Globant from $205.00 to $165.00 and set a "hold" rating on the stock in a research report on Monday, February 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.39.
Read Our Latest Research Report on GLOB
Globant Trading Up 2.0 %
The business's fifty day moving average is $204.19 and its 200 day moving average is $208.97. The firm has a market capitalization of $6.31 billion, a P/E ratio of 39.37, a P/E/G ratio of 2.38 and a beta of 1.39.
Globant (NYSE:GLOB - Get Free Report) last released its earnings results on Thursday, February 20th. The information technology services provider reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.39). Globant had a return on equity of 11.83% and a net margin of 6.86%. The business had revenue of $642.48 million during the quarter, compared to the consensus estimate of $644.42 million. As a group, sell-side analysts predict that Globant S.A. will post 5.73 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Globant
Large investors have recently made changes to their positions in the company. Centricity Wealth Management LLC acquired a new stake in shares of Globant during the fourth quarter valued at approximately $38,000. Kestra Investment Management LLC acquired a new stake in shares of Globant during the fourth quarter valued at approximately $38,000. Wilmington Savings Fund Society FSB acquired a new position in Globant in the 3rd quarter valued at approximately $40,000. Van Berkom & Associates Inc. acquired a new position in Globant in the 4th quarter valued at approximately $45,000. Finally, Promus Capital LLC acquired a new position in Globant in the 4th quarter valued at approximately $64,000. Institutional investors and hedge funds own 91.60% of the company's stock.
About Globant
(
Get Free Report)
Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.
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