Globus Medical - GMED Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Globus Medical in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GMED shares.
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8 brokers have issued 1 year target prices for Globus Medical's shares. Their GMED share price forecasts range from $71.00 to $91.00. On average, they anticipate the company's share price to reach $79.00 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
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Globus Medical's stock was trading at $74.27 at the beginning of 2023. Since then, GMED shares have increased by 1.2% and is now trading at $75.18.
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Globus Medical saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 4,750,000 shares, a decrease of 5.6% from the December 15th total of 5,030,000 shares. Based on an average trading volume of 588,800 shares, the days-to-cover ratio is currently 8.1 days. Approximately 6.2% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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Globus Medical, Inc. (NYSE:GMED) posted its earnings results on Tuesday, November, 8th. The medical device company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by $0.02. The medical device company had revenue of $254.15 million for the quarter, compared to analysts' expectations of $252.94 million. Globus Medical had a trailing twelve-month return on equity of 11.59% and a net margin of 15.55%.

Globus Medical issued an update on its FY 2022 earnings guidance on Thursday, December, 8th. The company provided earnings per share guidance of $2.03-$2.03 for the period, compared to the consensus earnings per share estimate of $2.10. The company issued revenue guidance of $1.02 billion-$1.02 billion, compared to the consensus revenue estimate of $1.02 billion.

47 employees have rated Globus Medical Chief Executive Officer David Demski on Glassdoor.com. David Demski has an approval rating of 61% among the company's employees. This puts David Demski in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Globus Medical investors own include NVIDIA (NVDA), Shopify (SHOP), CrowdStrike (CRWD), Okta (OKTA), Trade Desk (TTD), Block (SQ), Tesla (TSLA), Teladoc Health (TDOC), Zoom Video Communications (ZM) and Mastercard (MA).

Globus Medical trades on the New York Stock Exchange (NYSE) under the ticker symbol "GMED."

Globus Medical's stock is owned by many different retail and institutional investors. Top institutional shareholders include Boston Trust Walden Corp (0.66%), Allspring Global Investments Holdings LLC (0.40%), Exchange Traded Concepts LLC (0.17%), Vestmark Advisory Solutions Inc. (0.08%), Baillie Gifford & Co. (0.06%) and Bridge City Capital LLC (0.05%). Insiders that own company stock include Daniel T Scavilla, Daniel T Scavilla, David D Davidar, David M Demski, James R Tobin, James R Tobin, Keith W Pfeil, Keith W Pfeil, Kelly Huller and Robert Andrew Douglas.
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Shares of GMED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GMED stock can currently be purchased for approximately $75.18.

Globus Medical (NYSE:GMED) has a market capitalization of $7.51 billion and generates $958.10 million in revenue each year. The medical device company earns $149.19 million in net income (profit) each year or $1.51 on an earnings per share basis.

The company employs 2,400 workers across the globe.

Globus Medical's mailing address is 2560 GENERAL ARMISTEAD AVENUE, AUDUBON PA, 19403. The official website for the company is www.globusmedical.com. The medical device company can be reached via phone at (610) 930-1800, via email at investors@globusmedical.com, or via fax at 610-930-2042.