Economy

Glu Mobile Inc. (GLUU) Reports Insider EARL NICHOLAS's bought Of 31250 Shares

Glu Mobile Inc. (GLUU) Reports Insider EARL NICHOLAS's bought Of 31250 Shares

(NASDAQ:GLUU) is a good way of gaining insight into the stock's performance. Three analysts have provided estimates for Glu Mobile's earnings. Glu Mobile posted earnings of ($0.06) per share during the same quarter last year, which indicates a negative year over year growth rate of 16.7%. The firm is scheduled to issue its next earnings report on Wednesday, February 14th.

The average Wall Street analyst rating for Glu Mobile Inc.is Strong Buy, according to the average of 6 analyst scores. The consensus mean EPS for the current quarter is at $-0.03 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. Zacks Investment Research's sales averages are a mean average based on a survey of research firms that that provide coverage for Glu Mobile. Recent price fluctuations for shares of Glu Mobile Inc (NASDAQ:GLUU) have got the investing community taking a second look. Hence the difference between Predicted EPS and Actual EPS reported is $0.03/share which shows an Earnings Surprise of 100 Percent. Glu Mobile had a negative net margin of 29.74% and a negative return on equity of 35.19%. The business earned $56.80 million during the quarter, compared to the consensus estimate of $53.59 million. For the current year the company's revenue estimates are $314.95 Million compared to low analyst estimates of $313.9 Million and high estimates of $317.3 Million according to 6 number of analysts. Glu Mobile's revenue was up 4.2% compared to the same quarter previous year. (NASDAQ:GLUU). Gsa Cap Prns Limited Liability Partnership reported 351,800 shares. Roth Capital set a $4.00 price objective on Glu Mobile and gave the company a "buy" rating in a research note on Thursday, August 17th. Roth Capital reaffirmed a "buy" rating and issued a $4.00 price target on shares of Glu Mobile in a research note on Tuesday, September 5th. Price T Rowe Associates Md invested 0% in Glu Mobile Inc. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Roth Capital upgraded shares of Glu Mobile from a "neutral" rating to a "buy" rating and set a $3.00 target price on the stock in a research note on Monday, February 6th.

Glu Mobile (NASDAQ:GLUU) opened at $4.31 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. If the published price targets set by Glu Mobile Inc. analysts have any power to influence the stock's share price, the highest price target set for GLUU is $6. The stock grabbed 14 new institutional investments totaling 2,772,471 shares while 10 institutional investors sold out their entire positions totaling 3,397,742 shares. The shares were sold at an average price of $3.67, for a total transaction of $587,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Eric R. Ludwig sold 33,000 shares of the business's stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $4.51, for a total value of $3,456,716.56. In the past 3-month period alone, shares of GLUU have appreciated +0.27 - or +7.42%. The disclosure for this sale can be found here.

Executive Chairman, De Masi Niccolo, sold 131,966 common shares of Glu Mobile Inc. Company insiders own 5.60% of the company's stock.

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Other large investors have also modified their holdings of the company.

In the transaction dated October 16, 2017, the great number of shares disposed came courtesy the Director; Nada Hany disposed a total of 766,456 shares at an average price of $4.51, amounting to approximately $3,456,717. Steinberg Asset Management has invested 0.02% of its portfolio in Glu Mobile Inc. The total number of shares traded in the last 90-day period is 1.94 million. The stock's market capitalization is $336.79 million. Northern Trust reported 1.14M shares. (NYSE:TRXC) traded up 6.57% in the last session while performance was up 2.27% in the last five days. Morgan Stanley now owns 713,836 shares of the company's stock valued at $1,620,000 after purchasing an additional 205,918 shares in the last quarter.

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