Glu Mobile Inc. (NASDAQ:GLUU) insider Masi Niccolo De sold 131,966 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $3.70, for a total value of $488,274.20. Following the transaction, the insider now owns 512,859 shares in the company, valued at approximately $1,897,578.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Glu Mobile Inc. (NASDAQ GLUU) opened at $3.86 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.05. Glu Mobile Inc. has a 12-month low of $1.83 and a 12-month high of $4.73.
Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings results on Wednesday, November 1st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Glu Mobile had a negative return on equity of 34.02% and a negative net margin of 29.74%. The company had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.67 million. During the same period in the prior year, the firm earned ($0.33) earnings per share. The business’s revenue for the quarter was up 57.8% compared to the same quarter last year. equities research analysts anticipate that Glu Mobile Inc. will post -0.18 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in Glu Mobile by 125.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 47,691 shares of the company’s stock worth $108,000 after acquiring an additional 26,535 shares during the last quarter. Emerald Advisers Inc. PA purchased a new position in Glu Mobile in the 2nd quarter worth approximately $141,000. Voya Investment Management LLC raised its holdings in Glu Mobile by 19.2% in the 2nd quarter. Voya Investment Management LLC now owns 56,969 shares of the company’s stock worth $142,000 after acquiring an additional 9,186 shares during the last quarter. American International Group Inc. raised its holdings in Glu Mobile by 7.1% in the 1st quarter. American International Group Inc. now owns 63,380 shares of the company’s stock worth $144,000 after acquiring an additional 4,196 shares during the last quarter. Finally, Capital Advisors Inc. OK raised its holdings in Glu Mobile by 43.3% in the 2nd quarter. Capital Advisors Inc. OK now owns 65,900 shares of the company’s stock worth $165,000 after acquiring an additional 19,900 shares during the last quarter. Institutional investors own 35.08% of the company’s stock.
GLUU has been the topic of a number of research analyst reports. Wedbush restated a “hold” rating on shares of Glu Mobile in a report on Wednesday, August 2nd. Zacks Investment Research raised Glu Mobile from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research report on Thursday, August 24th. Roth Capital set a $4.00 price objective on Glu Mobile and gave the company a “buy” rating in a research report on Thursday, August 17th. Canaccord Genuity reaffirmed a “hold” rating and set a $3.00 price objective on shares of Glu Mobile in a research report on Monday, October 30th. Finally, BidaskClub raised Glu Mobile from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Glu Mobile presently has a consensus rating of “Buy” and an average price target of $3.74.
Glu Mobile Company Profile
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
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