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

Key Points

• Globant's stock hit a new 52-week low of $60.57 on Monday, closing at $61.29 with significant trading volume of 305,842 shares.
• Analysts have recently adjusted price targets for Globant, with estimates ranging from $78.00 to $125.00, while the consensus rating remains a "Moderate Buy."
• In the latest quarterly earnings report, Globant reported $1.53 earnings per share and revenue of $614.18 million, surpassing analyst expectations.

Globant S.A. (NYSE:GLOB - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as $60.57 and last traded at $61.29, with a volume of 305842 shares traded. The stock had previously closed at $63.12.

Analysts Set New Price Targets

A number of brokerages have commented on GLOB. Needham & Company LLC lowered their price target on Globant from $115.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Guggenheim reissued a "buy" rating and issued a $125.00 price target on shares of Globant in a report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Globant in a report on Thursday, July 17th. They issued a "hold" rating and a $87.00 price target for the company. JPMorgan Chase & Co. downgraded Globant from an "overweight" rating to a "neutral" rating and set a $78.00 price target for the company. in a report on Friday, August 15th. Finally, Piper Sandler downgraded Globant from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $154.00 to $116.00 in a report on Friday, May 16th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Globant currently has a consensus rating of "Moderate Buy" and an average price target of $139.47.

Globant Stock Down 3.3%

The firm has a market capitalization of $2.69 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 2.78 and a beta of 1.17. 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 business has a 50-day moving average price of $79.60 and a 200-day moving average price of $102.94.

Globant (NYSE:GLOB - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.01. The company had revenue of $614.18 million during the quarter, compared to analyst estimates of $612.66 million. Globant had a return on equity of 10.76% and a net margin of 4.44%.The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior 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 research analysts forecast that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLOB. Brooklyn Investment Group lifted its stake in Globant by 194.4% during the first quarter. Brooklyn Investment Group now owns 212 shares of the information technology services provider's stock worth $25,000 after purchasing an additional 140 shares in the last quarter. Allworth Financial LP lifted its stake in Globant by 214.1% during the second quarter. Allworth Financial LP now owns 289 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 197 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings 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 purchasing an additional 155 shares during the period. Bessemer Group Inc. purchased a new position in Globant in the first quarter valued at $39,000. Finally, Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 252 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.

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