Globant (NYSE:GLOB) Hits New 12-Month Low – Here’s Why

Globant S.A. (NYSE:GLOB)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $64.28 and last traded at $63.61, with a volume of 275774 shares trading hands. The stock had previously closed at $67.26.

Wall Street Analyst Weigh In

Several research firms have weighed in on GLOB. Deutsche Bank Aktiengesellschaft began coverage on shares of Globant in a report on Thursday, July 17th. They issued a “hold” rating and a $87.00 target price on the stock. UBS Group reduced their price target on shares of Globant from $120.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Guggenheim reissued a “buy” rating and issued a $125.00 price target on shares of Globant in a research note on Tuesday, June 10th. The Goldman Sachs Group reduced their price target on shares of Globant from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Finally, Wall Street Zen raised shares of Globant from a “sell” rating to a “hold” rating in a research note on Monday, May 19th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $139.47.

Globant Stock Performance

The firm’s 50 day moving average is $81.78 and its two-hundred day moving average is $107.28. The stock has a market capitalization of $2.82 billion, a PE ratio of 26.09, a P/E/G ratio of 2.98 and a beta of 1.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 1.71.

Globant (NYSE:GLOB) last posted its quarterly earnings results on Thursday, August 14th. The information technology services provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.52 by $0.01. Globant had a net margin of 4.44% and a return on equity of 10.76%. The company had revenue of $614.18 million during the quarter, compared to analysts’ expectations of $612.66 million. During the same quarter in the previous year, the business posted $1.51 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. As a group, research analysts predict that Globant S.A. will post 5.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Globant by 29.7% during the 1st quarter. Signaturefd LLC now owns 389 shares of the information technology services provider’s stock worth $46,000 after acquiring an additional 89 shares in the last quarter. Blue Trust Inc. grew its holdings in Globant by 23.6% during the 1st quarter. Blue Trust Inc. now owns 607 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 116 shares in the last quarter. Brooklyn Investment Group grew its holdings in Globant by 194.4% during the 1st quarter. Brooklyn Investment Group now owns 212 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 140 shares in the last quarter. CWM LLC grew its holdings in Globant by 30.1% during the 2nd quarter. CWM LLC now owns 636 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 147 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Globant by 4.8% in the 4th quarter. Benjamin Edwards Inc. now owns 3,320 shares of the information technology services provider’s stock valued at $712,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Company Profile

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.