Globant (NYSE:GLOB) Hits New 1-Year Low - Time to 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) reached a new 52-week low during trading on Monday . The stock traded as low as $60.57 and last traded at $61.29, with a volume of 305842 shares trading hands. The stock had previously closed at $63.12.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Mizuho set a $153.00 target price on Globant and gave the company an "outperform" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. cut Globant from an "overweight" rating to a "neutral" rating and set a $78.00 price objective for the company. in a research note on Friday, August 15th. Guggenheim reaffirmed a "buy" rating and set a $125.00 price objective on shares of Globant in a research note on Tuesday, June 10th. Needham & Company LLC decreased their price objective on Globant from $115.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Finally, The Goldman Sachs Group decreased their price objective on Globant from $120.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $139.47.

Globant Trading Down 4.0%

The company has a fifty day simple moving average of $76.28 and a two-hundred day simple moving average of $100.35. 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 stock has a market capitalization of $2.47 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 2.58 and a beta of 1.17.

Globant (NYSE:GLOB - Get Free Report) last posted its earnings results 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 firm had revenue of $614.18 million for 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 company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 earnings per share. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. On average, sell-side analysts expect that Globant S.A. will post 5.73 earnings per share for the current year.

Institutional Trading of Globant

Institutional investors have recently modified their holdings of the company. Brooklyn Investment Group lifted its holdings in shares of 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 purchasing an additional 140 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of 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 in the last quarter. Allworth Financial LP lifted its holdings in shares of 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 purchasing an additional 197 shares in the last quarter. Bessemer Group Inc. bought a new stake in Globant during the first quarter worth about $39,000. Finally, Farther Finance Advisors LLC raised its holdings in Globant by 186.7% during the first quarter. Farther Finance Advisors LLC now owns 387 shares of the information technology services provider's stock worth $45,000 after acquiring an additional 252 shares in the last quarter. 91.60% of the stock is currently 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.