Are Analysts Bullish Glu Mobile Inc. (NASDAQ:GLUU) After Last Week?

July 12, 2018 - By Margaret Downey

Glu Mobile Inc. (NASDAQ:GLUU) LogoInvestors sentiment decreased to 1.02 in 2018 Q1. Its down 0.80, from 1.82 in 2017Q4. It dived, 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.
California State Teachers Retirement Sys owns 160,859 shares. Geode Management invested in 0% or 1.04M shares. Paloma Prtn invested 0.01% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU). Huntington Fincl Bank holds 0% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU) for 7,042 shares. Goldman Sachs Gp reported 42,057 shares. Art Advsr Ltd reported 481,464 shares. Rothschild Asset Mngmt holds 0.08% or 1.88 million shares. Schwab Charles Inv Management stated it has 234,258 shares or 0% of all its holdings. Pnc Group owns 500 shares. Parametric Portfolio Associate invested in 130,229 shares. Alliancebernstein Lp owns 73,300 shares. 820 are owned by Point72 Asia (Hong Kong) Ltd. Royal Bankshares Of Canada reported 0% stake. Virginia-based Quantitative Invest Management Limited Liability Corp has invested 0% in Glu Mobile Inc. (NASDAQ:GLUU). State Board Of Administration Of Florida Retirement System holds 0% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU) for 46,073 shares.

Since February 21, 2018, it had 0 buys, and 12 insider sales for $9.55 million activity. 64,900 Glu Mobile Inc. (NASDAQ:GLUU) shares with value of $357,761 were sold by Akhavan Chris. Another trade for 466,457 shares valued at $2.80M was made by Nada Hany on Wednesday, June 13. 50,000 shares were sold by MATHER ANN, worth $270,000 on Monday, May 14. Brandeau Greg also sold $138,345 worth of Glu Mobile Inc. (NASDAQ:GLUU) on Monday, June 11. Lee Gordon S had sold 7,074 shares worth $27,553 on Wednesday, February 21. $647,952 worth of Glu Mobile Inc. (NASDAQ:GLUU) shares were sold by de Masi Niccolo.

Glu Mobile Inc. (NASDAQ:GLUU) Ratings Coverage

Among 3 analysts covering Glu Mobile (NASDAQ:GLUU), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Glu Mobile had 5 analyst reports since February 9, 2018 according to SRatingsIntel. Roth Capital maintained the shares of GLUU in report on Thursday, April 19 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Monday, April 30 with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Friday, February 9. The stock of Glu Mobile Inc. (NASDAQ:GLUU) earned “Buy” rating by Stifel Nicolaus on Tuesday, June 5. Below is a list of Glu Mobile Inc. (NASDAQ:GLUU) latest ratings and price target changes.

15/06/2018 Broker: PiperJaffray Rating: Overweight New Target: $7.5 Initiates Coverage On
05/06/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $5.5 New Target: $6.5 Maintain
30/04/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $4.75 New Target: $5 Maintain
19/04/2018 Broker: Roth Capital Rating: Buy New Target: $5.5000 Maintain
09/02/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $4.75 Maintain

The stock increased 1.04% or $0.07 during the last trading session, reaching $6.32. About 389,959 shares traded. Glu Mobile Inc. (NASDAQ:GLUU) has risen 111.79% since July 12, 2017 and is uptrending. It has outperformed by 99.22% the S&P500.

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 $881.95 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.

More notable recent Glu Mobile Inc. (NASDAQ:GLUU) news were published by: Seekingalpha.com which released: “Glu Mobile: On Its Way To Profitability” on July 12, 2018, also Investorplace.com with their article: “How Much Higher Can Glu Mobile Stock Go?” published on July 03, 2018, Fool.com published: “Glu Mobile Stock: Next Stop, $7.50?” on June 18, 2018. More interesting news about Glu Mobile Inc. (NASDAQ:GLUU) were released by: Benzinga.com and their article: “Glu Mobile Has ‘A Path To Continued Multiple Expansion And Margin Improvement,’ Piper Jaffray Says” published on June 15, 2018 as well as Investorplace.com‘s news article titled: “10 Strong Buy Stocks for Under $10” with publication date: July 12, 2018.

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

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