Globant SA (NYSE:GLOB)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a research note issued to investors on Friday.

GLOB has been the topic of several other reports. BidaskClub raised Globant SA from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Cowen and Company reaffirmed a “buy” rating and set a $50.00 price target on shares of Globant SA in a research report on Thursday, October 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Globant SA in a research report on Sunday, October 22nd. Wedbush reaffirmed an “outperform” rating and set a $48.00 price target on shares of Globant SA in a research report on Saturday, October 14th. Finally, Citigroup Inc increased their price target on Globant SA from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.86.

Globant SA (NYSE:GLOB) traded down $0.31 during trading on Friday, reaching $36.60. 566,373 shares of the company’s stock traded hands, compared to its average volume of 183,100. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 39.83 and a beta of 0.83.

Globant SA (NYSE:GLOB) last released its earnings results on Thursday, August 17th. The information technology services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16). Globant SA had a net margin of 2.11% and a return on equity of 3.75%. The firm had revenue of $99.60 million during the quarter, compared to analyst estimates of $95.79 million. During the same period in the previous year, the company earned $0.29 earnings per share. Globant SA’s revenue was up 24.7% on a year-over-year basis. analysts expect that Globant SA will post 0.98 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Citigroup Inc. grew its position in shares of Globant SA by 146.7% during the 2nd quarter. Citigroup Inc. now owns 5,353 shares of the information technology services provider’s stock valued at $233,000 after acquiring an additional 3,183 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Globant SA by 0.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 39,851 shares of the information technology services provider’s stock valued at $1,451,000 after buying an additional 100 shares in the last quarter. Aberdeen Asset Management PLC UK lifted its stake in Globant SA by 4.8% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 197,577 shares of the information technology services provider’s stock valued at $8,583,000 after buying an additional 9,000 shares in the last quarter. Teachers Advisors LLC lifted its stake in Globant SA by 6.2% in the 1st quarter. Teachers Advisors LLC now owns 43,970 shares of the information technology services provider’s stock valued at $1,601,000 after buying an additional 2,578 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC lifted its stake in Globant SA by 0.8% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 521,025 shares of the information technology services provider’s stock valued at $22,633,000 after buying an additional 3,975 shares in the last quarter. Hedge funds and other institutional investors own 66.11% of the company’s stock.

About Globant SA

Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.

Analyst Recommendations for Globant SA (NYSE:GLOB)

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