Glu Mobile Inc. (GLUU) Surges to 52-Week High, Is Now Top Performer

June 14, 2018 - By Kenneth Lin

Glu Mobile Inc. (NASDAQ:GLUU) Logo

Investors sentiment decreased to 1.02 in 2018 Q1. Its down 0.80, from 1.82 in 2017Q4. It worsened, as 17 investors sold Glu Mobile Inc. shares while 33 reduced holdings. 21 funds opened positions while 30 raised stakes. 55.90 million shares or 8.06% more from 51.73 million shares in 2017Q4 were reported.
Bankshares Of Montreal Can, a Ontario – Canada-based fund reported 90,198 shares. Price T Rowe Assocs Md owns 0% invested in Glu Mobile Inc. (NASDAQ:GLUU) for 97,906 shares. Susquehanna Interest Grp Ltd Liability Partnership accumulated 0% or 134,783 shares. Bnp Paribas Arbitrage reported 22,757 shares or 0% of all its holdings. 8.67 million were reported by Vanguard Grp. Voya Mgmt Ltd accumulated 51,173 shares or 0% of the stock. Ubs Asset Mngmt Americas holds 0% in Glu Mobile Inc. (NASDAQ:GLUU) or 44,919 shares. Federated Pa holds 0% or 3,698 shares. One Trading Ltd Partnership holds 0% or 72,663 shares. Secor Capital Advisors Ltd Partnership has 0% invested in Glu Mobile Inc. (NASDAQ:GLUU). Invesco Ltd accumulated 95,305 shares. California Public Employees Retirement Sys invested in 908,986 shares. Frontier Investment Mgmt Company invested in 0% or 12,000 shares. Dumont & Blake Inv Ltd Liability Corporation invested 0.04% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU). Quantitative Invest Mngmt Ltd Company owns 17,900 shares.

Since February 21, 2018, it had 0 insider buys, and 8 sales for $5.24 million activity. $357,761 worth of Glu Mobile Inc. (NASDAQ:GLUU) was sold by Akhavan Chris on Tuesday, May 15. Nada Hany sold 300,000 shares worth $1.80M. MATHER ANN also sold $270,000 worth of Glu Mobile Inc. (NASDAQ:GLUU) shares. 134,785 shares were sold by de Masi Niccolo, worth $647,952 on Thursday, May 3.

The stock of Glu Mobile Inc. (NASDAQ:GLUU) hit a new 52-week high and has $6.52 target or 4.00 % above today’s $6.27 share price. The 9 months bullish chart indicates low risk for the $874.97 million company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $6.52 price target is reached, the company will be worth $35.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.70% or $0.105 during the last trading session, reaching $6.265. About 2.35M shares traded or 17.61% up from the average. Glu Mobile Inc. (NASDAQ:GLUU) has risen 111.79% since June 14, 2017 and is uptrending. It has outperformed by 99.22% the S&P500.

Analysts await Glu Mobile Inc. (NASDAQ:GLUU) to report earnings on August, 7. They expect $0.01 EPS, up 106.67 % or $0.16 from last year’s $-0.15 per share. GLUU’s profit will be $1.40M for 156.63 P/E if the $0.01 EPS becomes a reality. After $-0.04 actual EPS reported by Glu Mobile Inc. for the previous quarter, Wall Street now forecasts -125.00 % EPS growth.

Glu Mobile Inc. (NASDAQ:GLUU) Ratings Coverage

Among 2 analysts covering Glu Mobile (NASDAQ:GLUU), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Glu Mobile had 4 analyst reports since February 9, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, April 19 by Roth Capital. On Tuesday, June 5 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Monday, April 30. The firm earned “Buy” rating on Friday, February 9 by Stifel Nicolaus.

Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company has market cap of $874.97 million. The firm publishes titles in five genres, including fashion and celebrity, sports and action, food, home, and social networking. It currently has negative earnings. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, QuizUp, Racing Rivals, and Tap Sports Baseball.

Glu Mobile Inc. (NASDAQ:GLUU) Institutional Positions Chart

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