Economy

Glu Mobile Inc. (GLUU) Insider Masi Niccolo De Sells 131966 Shares

Canaccord Genuity "Maintained" Glu Mobile Inc (NASDAQ:GLUU) in a research note issued to investors on 11/02/17 to Hold with price target of $4. In the past 3-month period alone, shares of GLUU have appreciated +0.65 - or +21.24%.

The average Wall Street analyst rating for Glu Mobile Inc.is Hold, according to the average of 6 analyst scores. (GLUU) was a Moderate Buy - from a survey of 5 analysts.

Glu Mobile Inc (NASDAQ:GLUU)'s revenue estimates for the current quarter are $80.29 Million according to 6 number of analysts, for the current quarter the company has high revenue estimates of $83 Million in contradiction of low revenue estimates of $78.5 Million. BidaskClub upgraded shares of Glu Mobile from a "buy" rating to a "strong-buy" rating in a report on Monday, July 24th. Roth Capital set a $4.00 price objective on shares of Glu Mobile and gave the stock a buy rating in a research report on Thursday, August 17th. Entercom Communications Corp. has 1 buy ratings, 1 holds and 0 sells even after the stock tumbled -32.51% from its high of $16.22 to a $367.51 million market value through last close. Benchmark Co. cut their price objective on Glu Mobile from $2.32 to $2.15 and set a "hold" rating for the company in a report on Thursday, November 10th. The stock was sold at an average price of $3.12, for a total transaction of $152,880.00. (NASDAQ:GLUU) traded down $0.08 during midday trading on Tuesday, reaching $3.63. 3,065,001 shares of the stock traded hands, compared to its average volume of 4,320,000. Glu Mobile has a 52 week low of $1.77 and a 52 week high of $4.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.19 and a current ratio of 1.19.

A good way of assessing a public company's profitability is by looking at its Earnings per Share (EPS). The average estimate of Wall Street analysts had projected -0.1. The last closing price is down 29.29% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time period. During the same period in the previous year, the company posted ($0.33) earnings per share. analysts predict that Glu Mobile will post -0.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another site, it was stolen and reposted in violation of United States & global copyright law. The original version of this piece can be accessed at https://weekherald.com/2017/11/07/glu-mobile-inc-gluu-insider-masi-niccolo-de-sells-131966-shares.html. Following the transaction, the insider now directly owns 512,859 shares in the company, valued at $1,897,578.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

In related news, COO Eric R. Ludwig sold 49,000 shares of the stock in a transaction on Tuesday, August 15th. Of those transactions, there were 2.07 million shares of GLUU bought and 2.73 million shares sold. The disclosure for this purchase can be found here. Institutional investors and hedge funds own 35.08% of the company's stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Finally, Wedbush restated a "hold" rating on shares of Glu Mobile in a report on Wednesday, August 2nd. Goldman Sachs Group Inc. now owns 47,691 shares of the company's stock worth $108,000 after purchasing an additional 26,535 shares during the period. Goldman Sachs Group Inc. increased its holdings in Glu Mobile by 125.4% in the first quarter. Creative Planning now owns 62,500 shares of the company's stock valued at $138,000 after buying an additional 13,500 shares during the last quarter. Voya Investment Management LLC increased its holdings in Glu Mobile by 19.2% in the second quarter. Over the last ninety days, insiders have sold 1,232,422 shares of company stock valued at $5,145,821. Emerald Advisers Inc. PA acquired a new stake in Glu Mobile in the second quarter valued at $141,000. GSA Capital Partners LLP bought a new stake in shares of Glu Mobile during the second quarter valued at $564,000. The stock's 52-week range is $1.73 to $4.73, and its 3-month range is $2.97 to $4.73. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.



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