Glu Mobile (GLUU) Downgraded to "Hold" at BidaskClub

Lloyd Doyle
December 21, 2017

Shares of Glu Mobile (GLUU) traded up $0.10 on Monday, reaching $3.66. (NASDAQ:GLUU) by 36.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own.

A number of large investors have recently added to or reduced their stakes in the stock. OK lifted its stake in shares of Glu Mobile by 43.3% in the second quarter.

The Relative Volume of the company is 1.99 and Average Volume (3 months) is 4.26 million. X Communications Ltd Liability Co holds 0.01% of its portfolio in Glu Mobile Inc. Dimensional Fund Advisors LP now owns 375,890 shares of the company's stock valued at $940,000 after purchasing an additional 5,818 shares in the last quarter. Northern Right Capital Management L.P. lifted its position in Glu Mobile by 109.9% during the 2nd quarter. Capital Advisors Inc. OK now owns 65,900 shares of the company's stock worth $165,000 after buying an additional 19,900 shares in the last quarter. EAM Investors LLC acquired a new position in shares of Glu Mobile during the third quarter worth about $2,327,000.

Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings results on Wednesday, November 1st.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $509.44M. Also, COO Eric R. Ludwig sold 160,000 shares of the company's stock in a transaction on Monday, October 9th. Chris Akhavan, an officer at (GLUU), bought 21304 shares to bring his total ownership in the stock to 163,064 shares. The disclosure for this sale can be found here. Following the sale, the insider now owns 512,859 shares of the company's stock, valued at approximately $1,897,578.30.

While many hoped Glu Mobile's new application. which features singer-songwriter Taylor Swift, will help to boost both the company's stock and their reputation in the market, there are a few analysts and investors that believe this new app will just cause the stock to plummet even more. Northland Capital maintained the shares of GLUU in report on Tuesday, January 12 with "Outperform" rating. Stifel Nicolaus reiterated a "buy" rating and set a $4.50 target price (up from $3.30) on shares of Glu Mobile in a report on Tuesday, October 31st. ValuEngine lowered shares of Glu Mobile from a hold rating to a sell rating in a report on Friday, December 1st. Wedbush set a $5.00 target price on Glu Mobile and gave the stock a "hold" rating in a report on Wednesday, October 18th.

Some buy side analysts are also providing their Analysis on Glu Mobile, Inc., where 2 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 2 said it's a HOLD, and 0 analysts rated the stock as Sell. The mean target price as estimated by the analysts for the company has been recorded at $4.88. Glu Mobile has a 12-month low of $1.85 and a 12-month high of $4.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. (NASDAQ:GLUU). Natl Planning, a California-based fund reported 15,539 shares. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). During previous trade 8.49 Million shares of Glu Mobile Inc (NASDAQ:GLUU) exchanged hands whereas on average nearly 4.26 Million shares has been traded.

Keeping an eyeball on Gross profit Margin, Net profit Margin & Operating Margin, the Gross profit margin of 58.50%; the net profit margin of -29.70% while its Operating margin was -30.20% for Glu Mobile Inc. The business's revenue for the quarter was up 57.8% on a year-over-year basis. The difference between the expected and actual EPS was $0.03/share, which represents an Earnings surprise of 100%. Jacobs Levy Equity Mngmt stated it has 0.04% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU). Engineers Gate Manager L P accumulated 583,115 shares or 0.13% of the stock. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and worldwide trademark & copyright law. The Company develops and publishes a portfolio of mobile games created to appeal to a cross section of the users of smartphones and tablet devices.

Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The firm publishes titles in five genres, including fashion and celebrity, sports and action, food, home, and social networking.

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