Globus Medical - GMED Stock Forecast, Price & News

8 Wall Street 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 analysts is that investors should "buy" GMED shares.
View GMED analyst ratings or view top-rated stocks.

8 Wall Street research analysts have issued 12 month target prices for Globus Medical's shares. Their GMED share price forecasts range from $71.00 to $91.00. On average, they expect the company's share price to reach $79.00 in the next twelve months. This suggests a possible upside of 4.6% from the stock's current price.
View analysts price targets for GMED or view top-rated stocks among Wall Street analysts.

Globus Medical's stock was trading at $74.27 on January 1st, 2023. Since then, GMED shares have increased by 1.7% and is now trading at $75.50.
View the best growth stocks for 2023 here.

Globus Medical saw a decrease in short interest during 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 daily trading volume, of 588,800 shares, the short-interest ratio is currently 8.1 days. Currently, 6.2% of the company's shares are short sold.
View Globus Medical's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our GMED earnings forecast.

Globus Medical, Inc. (NYSE:GMED) announced 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 net margin of 15.55% and a trailing twelve-month return on equity of 11.59%.

Globus Medical updated its FY 2022 earnings guidance on Thursday, December, 8th. The company provided EPS guidance of $2.03-$2.03 for the period, compared to the consensus EPS 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%), Fort Washington Investment Advisors Inc. OH (0.19%), Exchange Traded Concepts LLC (0.17%), New York State Common Retirement Fund (0.14%) and Vestmark Advisory Solutions Inc. (0.08%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of GMED stock can currently be purchased for approximately $75.50.

Globus Medical (NYSE:GMED) has a market capitalization of $7.54 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.