Globant (NYSE:GLOB) Reaches New 12-Month Low - Should You Sell?

Key Points

• Globant's stock has reached a new 52-week low of $55.82, marking a significant drop in its value during trading on Monday.
• Investment analysts have varied opinions on Globant, with ratings ranging from a "buy" rating from Guggenheim at a target price of $125 to a "hold" from Deutsche Bank at $87, reflecting mixed sentiments in the market.
• As of the latest quarterly earnings report, Globant achieved an EPS of $1.53, slightly exceeding estimates, alongside a year-over-year revenue increase of 4.5% to $614.18 million.

Globant S.A. (NYSE:GLOB - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $55.82 and last traded at $56.21, with a volume of 167468 shares changing hands. The stock had previously closed at $56.11.

Wall Street Analysts Forecast Growth

GLOB has been the subject of a number of analyst reports. UBS Group cut their price objective on Globant from $120.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $97.00 price objective (down previously from $165.00) on shares of Globant in a report on Thursday, June 26th. Guggenheim reaffirmed a "buy" rating and set a $125.00 price objective on shares of Globant in a report on Tuesday, June 10th. Scotiabank raised shares of Globant from a "sector perform" rating to a "sector outperform" rating and set a $115.00 price objective for the company in a report on Monday, July 21st. Finally, The Goldman Sachs Group dropped their price objective on shares of Globant from $120.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $139.47.

Globant Trading Down 0.5%

The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.52 and a beta of 1.17. The business's fifty day moving average is $72.95 and its two-hundred day moving average is $97.19.

Globant (NYSE:GLOB - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.01. The business had revenue of $614.18 million during the quarter, compared to analyst estimates of $612.66 million. Globant had a net margin of 4.44% and a return on equity of 10.76%. Globant's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 earnings per share. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. Equities analysts anticipate that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Globant

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group boosted its stake in Globant by 194.4% in the first quarter. Brooklyn Investment Group now owns 212 shares of the information technology services provider's stock valued at $25,000 after acquiring an additional 140 shares during the last quarter. Allworth Financial LP boosted its stake in Globant by 214.1% in the second quarter. Allworth Financial LP now owns 289 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 197 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in Globant by 140.9% in the first quarter. Physician Wealth Advisors Inc. now owns 265 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 155 shares during the last quarter. Bessemer Group Inc. bought a new position in Globant in the first quarter valued at approximately $39,000. Finally, Farther Finance Advisors LLC boosted its stake in Globant by 186.7% in the first quarter. Farther Finance Advisors LLC now owns 387 shares of the information technology services provider's stock valued at $45,000 after acquiring an additional 252 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

About Globant

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.