Globant (GLOB) Stock Price, News & Analysis

Company Overview

Globant S.A., 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. Further, the company provides e-commerce, conversational interfaces, design, digital marketing, and digital product delivery services. Additionally, it operates Augoor, an AI-powered platform; MagnifAI, an AI-powered solution for software quality assurance; StarMeUp, a science-based AI platform; WaaSabi, a finance platform; Walmeric, a lead-to-revenue management platform; GeneXus, a suit of AI development tools; Navigate for process optimization powerhouse; BeHealthy, a white-label platform; and FluentLab, an AI conversational and engagement solution. The company offers its services to various industries, including media and entertainment, professional services, technology and telecommunications, travel and hospitality, banks, financial services and insurance, consumer, retail and manufacturing, health care, and others. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is based in Luxembourg, Luxembourg.

Key Stats

• Today's Range: $193.35 to $197.63
• 50-Day Range: $182.58 to $207.07
• 52-Week Range: $151.68 to $251.50
• Volume: 135,507 shs
• Average Volume: 486,558 shs
• Market Capitalization: $8.37 billion
• P/E Ratio: 50.98
• Dividend Yield: N/A
• Price Target: $222.90
• Consensus Rating: Moderate Buy

Globant Stock Analysis - MarketRank™

Globant scored higher than 98% of companies evaluated by MarketBeat, and ranked 30th out of 667 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Globant has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 13 buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Globant has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.96%

Earnings Growth

Earnings for Globant are expected to grow by 17.96% in the coming year, from $5.01 to $5.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Globant is 50.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.52.

Price to Earnings Ratio vs. Sector

The P/E ratio of Globant is 50.78, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 274.18.

Price to Earnings Growth Ratio

Globant has a PEG Ratio of 2.49. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Globant has a P/B Ratio of 4.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.57% of the outstanding shares of Globant have been sold short.

Short Interest Ratio / Days to Cover

Globant has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Globant has recently decreased by 5.74%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Globant does not currently pay a dividend.

Dividend Growth

Globant does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.6 / 5
• Environmental Score: -0.56

Percentage of Shares Shorted

4.57% of the outstanding shares of Globant have been sold short.

Short Interest Ratio / Days to Cover

Globant has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Globant has recently decreased by 5.74%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.03

News Sentiment

Globant has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Globant this week, compared to 7 articles on an average week.

MarketBeat Follows

3 people have added Globant to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Globant insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.67% of the stock of Globant is held by insiders.

Percentage Held by Institutions

91.60% of the stock of Globant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GLOB Stock Analysis - Frequently Asked Questions

How have GLOB shares performed this year?

Globant's stock was trading at $237.98 at the beginning of the year. Since then, GLOB shares have decreased by 18.7% and is now trading at $193.47.
View the best growth stocks for 2024 here.

How were Globant's earnings last quarter?

Globant S.A. (NYSE:GLOB) announced its earnings results on Thursday, August, 15th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. The firm's revenue for the quarter was up 18.1% on a year-over-year basis.

Who are Globant's major shareholders?

Top institutional investors of Globant include Riverbridge Partners LLC (2.98%), Allspring Global Investments Holdings LLC (1.58%), Manning & Napier Advisors LLC (1.29%) and Sei Investments Co. (1.19%).

How do I buy shares of Globant?

Shares of GLOB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Globant own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Globant investors own include General Electric (GE), NVIDIA (NVDA), Alibaba Group (BABA), Block (SQ), Alteryx (AYX), Baidu (BIDU) and Salesforce (CRM).

Company Calendar

• Last Earnings: 8/15/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NYSE:GLOB
• CUSIP: N/A
• CIK: 1557860
• Web: www.globant.com
• Phone: (522) 030-1596
• Fax: N/A
• Employees: 29,150
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $222.90
• High Stock Price Target: $270.00
• Low Stock Price Target: $135.00
• Potential Upside/Downside: +13.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 21 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.81
• Trailing P/E Ratio: 51.72
• Forward P/E Ratio: 39.33
• P/E Growth: 2.49
• Net Income: $158.54 million
• Net Margins: 7.39%
• Pretax Margin: 9.26%
• Return on Equity: 11.68%
• Return on Assets: 8.05%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.55
• Quick Ratio: 1.55

Sales & Book Value

• Annual Sales: $2.28 billion
• Price / Sales: 3.72
• Cash Flow: $7.55 per share
• Price / Cash Flow: 26.10
• Book Value: $41.32 per share
• Price / Book: 4.77

Miscellaneous

• Outstanding Shares: 43,086,000
• Free Float: 41,936,000
• Market Cap: $8.49 billion
• Optionable: Optionable
• Beta: 1.40