A number of hedge funds have made changes to their positions in GLUU. In the most recent quarter, Glu Mobile Inc.
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Shares of mobile gaming pioneers Glu Mobile (GLUU), which produces a host of star-studded titles featuring Kim Kardashian, Taylor Swift, and Britney Spears, are down 16 cents, or 7%, at $2.13, after the company this afternoon reported Q2 revenue and profit that beat analysts’ expectations, but also missed with its profit outlook this quarter and for the full year, as sharpens its focus on some of its top-selling franchises. Pacad Investment Ltd. increased its stake in shares of Glu Mobile by 86.0% in the first quarter. Zacks Investment Research lowered shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd.
Harvest Capital Strategies Llc holds 1.44% of its portfolio in Glu Mobile Inc. for 4.35 million shares. By simplifying the analyst ratings into a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell, Glu Mobile Inc. has a rating of 1.5. The global brokerage major lowers the current price target from $4.15 per share to $2.5 per share. Using a simplified formula to determine if the stock presents a buying or selling opportunity, where 1 represents a Strong Buy and 5 represents a Strong Sell, the equity now is rated 1.5, based on the consensus numbers. Based on the brokers price target of 2.25, this means Wedbush believes there is a potential decrease of -1.75% from the current stock price of 2.29.
Glu Mobile (NASDAQ:GLUU): The stock opened at $2.15 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.24 for the day. Glu Mobile has a 52-week low of $1.98 and a 52-week high of $5.95.
The company’s 50 day moving average is 2.38 and its 200 day moving average is 2.68. The company market cap of 70.24B.
Glu Mobile Inc. (GLUU) on August 3, 2016 announced financial results for its second quarter ended June 30, 2016. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. (NASDAQ:GLUU) following the company’s second-quarter earnings report.
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Bookings: Total Bookings were $50.9 million in the second quarter of 2016, compared to $57.5 million in the second quarter of 2015. The company recent traded volume was higher than its average volume of 2.46 million shares. Following the completion of the sale, the director now owns 53,666 shares in the company, valued at approximately $126,651.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William J. Miller sold 20,100 shares of the stock in a transaction that occurred on Wednesday, May 18th. The last stock price close is down 12.27% from the two hundred day moving average, compared with the S&P 500 Index which has raised 0.00% over the same period.
