Economy

$0.03 Earnings Per Share Expected for Glu Mobile Inc. (GLUU) This Quarter

$0.03 Earnings Per Share Expected for Glu Mobile Inc. (GLUU) This Quarter”

American International Group Inc. lifted its position in shares of Glu Mobile by 7.1% during the 1st quarter. Its up 0.28, from 0.77 in 2016Q3. The ratio increased, as 40 hedge funds increased and opened new holdings, while 38 cut down and sold their stock positions in Glu Mobile Inc. Zacks Investment Research upgraded shares of Glu Mobile from a "hold" rating to a "buy" rating and set a $3.50 price objective on the stock in a report on Monday, August 7th.

Glu Mobile, Inc. was covered by a number of analysts recently, 1 rated the stock as Buy, 3 rated Hold, 0 rated sell and 0 gave an Underperform.

Additionally on 12/23/16 Mizuho "Initiates Coverage On" Glu Mobile Inc (NASDAQ:GLUU) to Neutral setting price target at $2.3 and on 8/03/16 Northland Securities "Downgrades" the stock to Market Perform. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures. The corporation develops and publishes a portfolio of mobile games created to appeal to a cross section of the users of smartphones and tablet devices.

Previously Glu Mobile Inc (NASDAQ:GLUU) reported $-0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.1 by $0.06. The Company's portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home. (GLUU) now has a value of $3.44 while the company's 52 week low is at $1.73, the shares dropped to the 52 week low on 11/04/16. Glu Mobile Inc. (NASDAQ:GLUU) has risen 5.65% since September 11, 2016 and is uptrending. It has underperformed by 11.05% the S&P500.

In Technology sector, shares of Glu Mobile Inc. Granite Point Capital Management L.P. owns 70,000 shares or 0.11% of their U.S. portfolio. Moreover, Ariel Investments Llc has 0.06% invested in the company for 2.75 million shares. Engineers Gate Manager Lp expanded its holdings by buying 397,771 shares an increase of 214.6% from 03/31/2017 to 06/30/2017. Allsquare Wealth Management Llc, a New York-based fund reported 9,930 shares.#img1#.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.4 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The Lower end of the earnings estimate is $-0.04, while the higher end of the earnings estimate is $-0.02. (GLUU) stock price comparison to its moving averages, shares of company are 16.48% away from the 50-day moving average and 3.24% away from 20-day average. GLUU was included in 32 notes of analysts from August 5, 2015.

On the other hand the company has Relative Strength Index (RSI 14) of 61.3 along with Average True Range (ATR 14) of 0.14, Consequently Glu Mobile Inc (NASDAQ:GLUU)'s weekly and monthly volatility is 4.25%, 3.72% respectively. BidaskClub raised Glu Mobile from a buy rating to a strong-buy rating in a report on Monday, July 24th. The firm earned "Neutral" rating on Friday, July 29 by Wedbush. Creative Planning raised its position in shares of Glu Mobile by 1.8% in the 1st quarter. (NASDAQ:GLUU) on Tuesday, September 5 with "Hold" rating.

More recent Glu Mobile Inc. The firm has "Hold" rating given on Thursday, November 10 by Benchmark. The firm earned "Buy" rating on Thursday, August 24 by Roth Capital.

More recent Glu Mobile Inc. The legal version of this piece can be read at https://baseballnewssource.com/markets/glu-mobiles-gluu-buy-rating-reaffirmed-at-stifel-nicolaus/1620677.html. Finally, Princeton Portfolio Strategies Group LLC bought a new position in Glu Mobile during the first quarter valued at approximately $153,000. Seekingalpha.com's news article titled: "Glu Mobile CTO exiting; company shuttering Long Beach studio" with publication date: August 24, 2017 was also an interesting one.



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