Shares of Globant SA (NYSE:GLOB) have earned a consensus rating of “Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $52.14.
A number of brokerages have recently issued reports on GLOB. Zacks Investment Research raised shares of Globant from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, April 24th. ValuEngine downgraded shares of Globant from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. HSBC began coverage on shares of Globant in a research report on Friday, April 20th. They set a “hold” rating and a $48.00 price objective for the company. SunTrust Banks raised shares of Globant from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Finally, Wedbush boosted their price objective on shares of Globant from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, June 19th.
NYSE:GLOB traded down $0.84 during trading hours on Monday, reaching $55.66. The company had a trading volume of 623,418 shares, compared to its average volume of 339,208. Globant has a 52 week low of $34.82 and a 52 week high of $57.57. The company has a market cap of $2.03 billion, a PE ratio of 63.30 and a beta of 0.61.
Globant (NYSE:GLOB) last posted its earnings results on Thursday, May 10th. The information technology services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Globant had a net margin of 7.32% and a return on equity of 13.11%. The business had revenue of $119.70 million during the quarter, compared to the consensus estimate of $113.96 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s revenue was up 34.9% on a year-over-year basis. equities analysts predict that Globant will post 1.23 earnings per share for the current year.
Institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp boosted its holdings in Globant by 37.0% in the 4th quarter. Mackenzie Financial Corp now owns 587,619 shares of the information technology services provider’s stock worth $27,301,000 after buying an additional 158,800 shares during the period. J. Goldman & Co LP purchased a new stake in Globant in the 4th quarter worth $735,000. SG Americas Securities LLC purchased a new stake in Globant in the 4th quarter worth $172,000. Bamco Inc. NY lifted its stake in Globant by 55.0% in the 4th quarter. Bamco Inc. NY now owns 13,977 shares of the information technology services provider’s stock worth $649,000 after purchasing an additional 4,957 shares in the last quarter. Finally, AXA lifted its stake in Globant by 29.8% in the 4th quarter. AXA now owns 167,400 shares of the information technology services provider’s stock worth $7,777,000 after purchasing an additional 38,400 shares in the last quarter. 67.39% of the stock is owned by institutional investors.
Globant SA, a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide. The company offers machine learning, pattern recognition, natural language understanding, future of organizations, customer insight, behavioral change, product innovation, design thinking, product management discovery and delivery, and product coaching services.
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