Glu Mobile Inc (NASDAQ:GLUU) Institutional Investors Quarterly Sentiment

June 13, 2018 - By Henry Gaston

Glu Mobile Inc. (NASDAQ:GLUU) Logo

Sentiment for Glu Mobile Inc (NASDAQ:GLUU)

Glu Mobile Inc (NASDAQ:GLUU) institutional sentiment decreased to 1.02 in Q1 2018. Its down -0.80, from 1.82 in 2017Q4. The ratio turned negative, as 51 institutional investors increased and opened new holdings, while 50 cut down and sold holdings in Glu Mobile Inc. The institutional investors in our partner’s database now own: 55.90 million shares, up from 51.73 million shares in 2017Q4. Also, the number of institutional investors holding Glu Mobile Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 17 Reduced: 33 Increased: 30 New Position: 21.

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 $860.31 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.

The stock increased 4.94% or $0.29 during the last trading session, reaching $6.16. About 4.75 million shares traded or 145.68% up from the average. Glu Mobile Inc. (NASDAQ:GLUU) has risen 111.79% since June 13, 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 154.00 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.

Nokomis Capital L.L.C. holds 1.42% of its portfolio in Glu Mobile Inc. for 1.96 million shares. Marathon Capital Management owns 435,800 shares or 0.64% of their US portfolio. Moreover, Hap Trading Llc has 0.15% invested in the company for 796,547 shares. The New York-based Pdt Partners Llc has invested 0.15% in the stock. Castleark Management Llc, a Illinois-based fund reported 1.20 million shares.

Since January 1, 0001, it had 0 insider buys, and 8 insider sales for $5.24 million activity.

Glu Mobile Inc. (NASDAQ:GLUU) Ratings Coverage

Ratings analysis reveals 100% of Glu Mobile’s analysts are positive. Out of 2 Wall Street analysts rating Glu Mobile, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $4.75 while the high is $6.5. The stock’s average target of $6 is -2.60% below today’s ($6.16) share price. GLUU was included in 4 notes of analysts from February 9, 2018. The firm earned “Buy” rating on Friday, February 9 by Stifel Nicolaus. As per Thursday, April 19, the company rating was maintained by Roth Capital. Stifel Nicolaus maintained Glu Mobile Inc. (NASDAQ:GLUU) on Tuesday, June 5 with “Buy” rating. The firm earned “Buy” rating on Monday, April 30 by Stifel Nicolaus.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: