Glu Mobile Inc (NASDAQ:GLUU) Stock Price Up as Sentiment Falls

November 14, 2017 - By Marie Mckinney

 Glu Mobile Inc (NASDAQ:GLUU) Stock Price Up as Sentiment  Falls

Sentiment for Glu Mobile Inc (NASDAQ:GLUU)

Glu Mobile Inc (NASDAQ:GLUU) institutional sentiment decreased to 1.56 in 2017 Q2. Its down -0.25, from 1.81 in 2017Q1. The ratio fall, as 50 institutional investors started new or increased holdings, while 32 sold and trimmed stock positions in Glu Mobile Inc. The institutional investors in our partner’s database now own: 42.45 million shares, up from 34.88 million shares in 2017Q1. Also, the number of institutional investors holding Glu Mobile Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 11 Reduced: 21 Increased: 30 New Position: 20.

Glu Mobile Inc. develops, publishes and markets a portfolio of mobile games. The company has market cap of $539.91 million. The Firm develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. It currently has negative earnings. The Company’s portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.

About 546,062 shares traded. Glu Mobile Inc. (NASDAQ:GLUU) has risen 5.65% since November 14, 2016 and is uptrending. It has underperformed by 11.05% the S&P500.

Investors wait Glu Mobile Inc. (NASDAQ:GLUU) to report on February, 14. its quarterly earnings Wall Street analysts expect $-0.06 EPS, up $0.07 or 53.85 % from last year’s $-0.13 same quarter earnings. Glu Mobile Inc.’s Wall Street analysts see -33.33 % EPS growth, taking into account the $-0.09 EPS reproted in the previous quarter,

Menta Capital Llc holds 0.32% of its portfolio in Glu Mobile Inc. for 1.08 million shares. Lyon Street Capital Llc owns 225,000 shares or 0.23% of their US portfolio. Moreover, Engineers Gate Manager Lp has 0.13% invested in the company for 583,115 shares. The Illinois-based Ariel Investments Llc has invested 0.09% in the stock. Gsa Capital Partners Llp, a United Kingdom-based fund reported 351,800 shares.#img1#

Glu Mobile Inc. (NASDAQ:GLUU) Ratings Coverage

Ratings analysis reveals 55% of Glu Mobile’s analysts are positive. Out of 11 Wall Street analysts rating Glu Mobile, 6 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $2.15 while the high is $8. The stock’s average target of $3.87 is -1.78% below today’s ($3.94) share price. GLUU was included in 38 notes of analysts from August 5, 2015. The firm earned “Buy” rating on Thursday, August 24 by Roth Capital. The firm has “Buy” rating given on Friday, July 28 by Roth Capital. Northland Capital maintained it with “Outperform” rating and $3 target in Tuesday, January 12 report. The stock of Glu Mobile Inc. (NASDAQ:GLUU) has “Buy” rating given on Wednesday, August 2 by Cowen & Co. Roth Capital downgraded Glu Mobile Inc. (NASDAQ:GLUU) rating on Wednesday, May 4. Roth Capital has “Neutral” rating and $2.50 target. The stock has “Hold” rating by Benchmark on Thursday, October 12. The stock of Glu Mobile Inc. (NASDAQ:GLUU) earned “Hold” rating by Canaccord Genuity on Tuesday, September 5. As per Thursday, August 17, the company rating was maintained by Roth Capital. Canaccord Genuity maintained Glu Mobile Inc. (NASDAQ:GLUU) rating on Thursday, November 2. Canaccord Genuity has “Hold” rating and $4 target. The rating was upgraded by TH Capital to “Buy” on Monday, February 6.

More news for Glu Mobile Inc. (NASDAQ:GLUU) were recently published by: Seekingalpha.com, which released: “10 Reasons I’m ‘Glued'” on November 01, 2017. Seekingalpha.com‘s article titled: “Glu Mobile bookings, revenues rise sharply in Q3” and published on November 01, 2017 is yet another important article.

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