Globant (NYSE:GLOB) Hits New 52-Week Low – Time to Sell?

Globant S.A. (NYSE:GLOB) reached a new 52-week low during trading on Tuesday . The company traded as low as $38.49 and last traded at $39.4390, with a volume of 163312 shares changing hands. The stock had previously closed at $40.18.

Wall Street Analysts Forecast Growth

GLOB has been the topic of several research reports. Mizuho lowered their price objective on shares of Globant from $91.00 to $76.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Truist Financial initiated coverage on shares of Globant in a research report on Tuesday, January 6th. They set a “hold” rating and a $72.00 price objective on the stock. Wedbush initiated coverage on shares of Globant in a research report on Thursday, April 9th. They set an “outperform” rating and a $61.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company lowered their price objective on shares of Globant from $57.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Globant presently has an average rating of “Hold” and an average target price of $72.50.

Globant Price Performance

The company has a market cap of $1.76 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.48 and a beta of 1.04. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average price is $46.20 and its 200 day moving average price is $57.25.

Globant (NYSE:GLOB) last released its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, hitting the consensus estimate of $1.54. Globant had a net margin of 4.19% and a return on equity of 9.98%. The company had revenue of $612.47 million during the quarter, compared to analysts’ expectations of $605.61 million. During the same quarter last year, the business earned $1.75 EPS. The business’s revenue was down 4.7% on a year-over-year basis. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. Equities research analysts forecast that Globant S.A. will post 5.04 earnings per share for the current year.

Institutional Trading of Globant

Several hedge funds have recently made changes to their positions in GLOB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Globant in the 1st quarter worth $447,000. Goldman Sachs Group Inc. lifted its stake in shares of Globant by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock worth $8,739,000 after acquiring an additional 30,386 shares during the period. First Trust Advisors LP lifted its stake in shares of Globant by 61.9% in the 2nd quarter. First Trust Advisors LP now owns 102,280 shares of the information technology services provider’s stock worth $9,291,000 after acquiring an additional 39,122 shares during the period. Marshall Wace LLP lifted its stake in shares of Globant by 823.2% in the 2nd quarter. Marshall Wace LLP now owns 105,894 shares of the information technology services provider’s stock worth $9,619,000 after acquiring an additional 94,424 shares during the period. Finally, Amundi lifted its stake in shares of Globant by 192.7% in the second quarter. Amundi now owns 7,970 shares of the information technology services provider’s stock valued at $727,000 after purchasing an additional 5,247 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

About Globant

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.