IsGlobant (NYSE:GLOB) An Attractive Buy? Sun Trust Rbsn Humphrey Initiates Coverage

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How Sun Trust Rbsn Humphrey Currently Rates Globant (NYSE:GLOB)

Sun Trust Rbsn Humphrey issued Buy rating on Globant (NYSE:GLOB). The firm have initiated coverage on shares of GLOB in a recent research report sent to investors and clients on Monday, 21 December.

From a total of 6 analysts covering Globant SA (NYSE:GLOB) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $42 while the lowest target price is $30. The mean of all analyst targets is $36.5 with a -8.43% below today’s ($36.77) stock price. Globant SA was the topic of 6 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Sterne Agee CRT initiated shares on December 17 with “Buy” rating. Jefferies initiated GLOB stock in a recent report from August 12 with “Hold” rating.

Approximately 29,628 shares of stock traded hands. Globant SA (NYSE:GLOB) has risen 48.71% since May 18, 2015 and is uptrending. It has outperformed by 54.51% the S&P500.

The overall sentiment of institutions has decreased to 1.72 in Q2 2015. Its down 0.86, from 2.58 in 2015Q2. The ratio fall, as 10 institutions have sold all the shares of Globant SA that they owned while 22 funds have taken shares off the table. 18 funds have purchased shares for the first time while 37 added to their positions. These institutions now hold 17.00 million shares or 96.86% more than the 8.64 million shares they owned in 2015Q2.

The Fund Weatherbie Capital Llc currently is holding shares equating to 1.61% of its total portfolio in Globant SA representing a total of 455,268 shares. Another fund,Timpani Capital Management Llc, is holding a total of 95,001 shares equating to 1.17% of their holdings. Additionally, Pier Capital Llc has a 216,384 share stake in Globant SA which represents 1.08% of their total portfolio. The Fund, Wall Street Associates, based out of California, has also built up a stake in the stock, which represents a total of 0.59% of their total portfolio. Finally Driehaus Capital Management Llc, a fund which is based in the state of Illinois reported a total holdings of 503,635 shares.

Globant S.A. is a technology services provider. The company has a market cap of $1.23 billion. As of December 31, 2014, the Company had 3,775 Globers and 29 delivery centers across 19 cities in Argentina, Uruguay, Colombia, Brazil, Mexico, Peru and the United States, supported by four client management locations in the United States, and one client management location in each of United Kingdom, Colombia, Uruguay, Argentina and Brazil. It has 39.96 P/E ratio. The Company’s 12 Studios include Consumer Experience; Gaming; Big Data and High Performance; Quality Engineering; Enterprise Consumerization; UX and Social; Mobile; Cloud Computing and Infrastructure; Wearables and Internet of Things; After Going Live; Digital Content; and Product Innovation.

According to Zacks Investment Research, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg.”

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