Glu Mobile Inc. (NASDAQ:GLUU) COO Eric R. Ludwig sold 33,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $3.90, for a total value of $128,700.00. Following the sale, the chief operating officer now directly owns 72,000 shares of the company’s stock, valued at approximately $280,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Glu Mobile Inc. (GLUU) traded up $0.01 during trading on Friday, hitting $4.10. The company had a trading volume of 4,448,509 shares, compared to its average volume of 4,584,992. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Glu Mobile Inc. has a one year low of $1.85 and a one year high of $4.73.
Glu Mobile (NASDAQ:GLUU) last announced its earnings results on Wednesday, November 1st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.67 million. Glu Mobile had a negative net margin of 29.74% and a negative return on equity of 35.19%. Glu Mobile’s revenue was up 57.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.33) EPS. equities analysts predict that Glu Mobile Inc. will post -0.18 earnings per share for the current fiscal year.
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A number of analysts have recently weighed in on GLUU shares. Zacks Investment Research raised Glu Mobile from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Monday, August 7th. Roth Capital set a $4.00 price objective on Glu Mobile and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $3.30 price objective (up previously from $2.80) on shares of Glu Mobile in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $3.97.
Several institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its holdings in Glu Mobile by 113.6% in the second quarter. Bank of Montreal Can now owns 160,540 shares of the company’s stock worth $401,000 after purchasing an additional 85,371 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Glu Mobile by 86.0% in the second quarter. GSA Capital Partners LLP now owns 351,800 shares of the company’s stock worth $880,000 after purchasing an additional 162,700 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Glu Mobile by 114.1% in the second quarter. Alliancebernstein L.P. now owns 191,000 shares of the company’s stock worth $478,000 after purchasing an additional 101,800 shares in the last quarter. Morgan Stanley raised its holdings in Glu Mobile by 40.5% in the first quarter. Morgan Stanley now owns 713,836 shares of the company’s stock worth $1,620,000 after purchasing an additional 205,918 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Glu Mobile by 8.0% in the first quarter. Vanguard Group Inc. now owns 4,667,543 shares of the company’s stock worth $10,595,000 after purchasing an additional 344,727 shares in the last quarter. Institutional investors own 35.48% of the company’s stock.
Glu Mobile Company Profile
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
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