Insider Activity for Investors: Glu Mobile, Inc. (GLUU)

Lloyd Doyle
November 15, 2017

Understanding Profitability at Glu Mobile Inc.

Investors are more bullish on shares of the company recently considering the change in short interest. The day began at US$3.85 but the price moved to US$3.83 at one point during the trading and finally capitulating to a session high of US$3.92. (NASDAQ:WETF) established that the company was able to keep return on investment at 14.07 in the trailing twelve month while Reuters data showed that industry's average stands at 6.50 and sector's optimum level is 0.58. Glu Mobile Inc (NASDAQ:GLUU)'s price sits 4.17% above from its 50-day moving average of $3.92 and 40.02% far from the stock's 200-day moving average which is $3.13. As of the last earnings report the EPS was $-0.56 with 137.03M shares now outstanding. GLUU now has a profit margin of -29.70%. The company had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.67 million. The firm's revenue for the quarter was down 18.8% compared to the same quarter a year ago.

Dimensional Fund Advisors Lp says it bought 722,564 shares during the last quarter increasing its stake in Glu Mobile Inc (GLUU) by 192.2%. On September 18 Roth Capital left the company rating at "Buy" targeting a price of $4.75. At present, 2 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data.

The Details: Glu Mobile Inc. Zacks Investment Research upgraded shares of Glu Mobile from a "hold" rating to a "buy" rating and set a $4.25 target price on the stock in a report on Thursday, October 5th. Short shares fell from 4,622,456 to 4,466,680 over that timeframe.

A number of analysts recently issued reports on GLUU shares. Rhumbline Advisers increased its position in shares of Glu Mobile by 3.4% in the second quarter. If you are reading this story on another website, it was illegally copied and reposted in violation of United States and global copyright and trademark laws. Glu Mobile now has an average rating of "Hold" and an average target price of $3.41.

Insider Trades for Glu Mobile, Inc. show that the latest trade was made on 2 Nov 2017 where de Masi (Niccolo M), the Officer and Director completed a transaction type "Sell" in which 131966 shares were traded at a price of $3.7. The stock was sold at an average price of $3.70, for a total transaction of $488,274.20. BlackRock Investment Management LLC now owns 457,854 shares of the company's stock worth $1,007,000 after buying an additional 9,939 shares during the last quarter. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The shares were sold at an average price of $3.43, for a total value of $85,750.00. The company's institutional ownership is monitored at 48.3 percent. The disclosure for this sale can be found here. Checking out a company's current profit margin, for example, lets us know about how much of its total sales revenue was kept as earnings - which we find by taking net income and dividing it by total sales revenue.

Fitbit, Inc. (FIT) reported sales (ttm) of 1.62 Billion, whereas, 11 number of analysts estimated the mean sale of 589.03 million.

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