Glu Mobile Inc (NASDAQ:GLUU) Institutional Investors Quarterly Sentiment

Why Glu Mobile Inc. Stock Skyrocketed 33.3% in August

Glu Mobile Inc (NASDAQ:GLUU) Institutional Investors Quarterly Sentiment

Glu Mobile Inc (NASDAQ:GLUU) institutional sentiment increased to 1.05 in Q4 2016. Its up 0.28, from 0.77 in 2016Q3. The ratio improved, as 40 investment managers increased or started new positions, while 38 sold and reduced equity positions in Glu Mobile Inc. Also, the number of institutional investors holding Glu Mobile Inc in their top 10 stock positions was flat from 0 to 0 for the same number.

Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The company's market cap is $451.74 Million, and the average volume is 3.43 Million. The Firm develops and publishes a portfolio of mobile games created to appeal to a cross section of the users of smartphones and tablet devices. Roth Capital set a $4.00 target price on shares of Glu Mobile and gave the company a "buy" rating in a research report on Thursday, August 17th. 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 463,844 shares traded. The original version of this report can be viewed at https://weekherald.com/2017/09/11/insider-selling-glu-mobile-inc-gluu-coo-sells-85750-00-in-stock.html. It has underperformed by 11.05% the S&P500.

"TRADEMARK VIOLATION NOTICE: "-$0.03 Earnings Per Share Expected for Glu Mobile Inc. Granite Point Capital Management L.P. owns 70,000 shares or 0.11% of their USA portfolio. Voya Investment Management LLC now owns 56,969 shares of the company's stock valued at $142,000 after purchasing an additional 9,186 shares during the period. Engineers Gate Manager Lp added to its ownership by buying 397,771 shares an increase of 214.6% from 03/31/2017 to 06/30/2017.

Analysts on average have given a price target of $3.13 to Glu Mobile, Inc. The Lower end of the earnings estimate is $-0.04, while the higher end of the earnings estimate is $-0.02. Five brokerage firms recommended the company shares with a hold recommendation, five have published a buy recommendation and 1 has released a strong buy recommendation to The corporation. the share presently has a consensus rating of "Buy" and an consensus price target of $3.06. GLUU was included in 32 notes of analysts from August 5, 2015. Roth Capital upgraded Glu Mobile Inc. (NASDAQ:GLUU) earned "Outperform" rating by Northland Capital on Tuesday, January 12. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Wedbush maintained it with "Neutral" rating and $2.45 target in Friday, July 29 report. Goldman Sachs Group Inc. lifted its position in Glu Mobile by 125.4% during the first quarter. (NASDAQ:GLUU) shares saw light trading volume with 1,467K shares changing hands on Friday. American International Group Inc. now owns 63,380 shares of the company's stock valued at $144,000 after acquiring an additional 4,196 shares during the period. The firm has "Hold" rating given on Thursday, November 10 by Benchmark. The firm has "Buy" rating by Roth Capital given on Monday, February 6. The firm has "Buy" rating by Canaccord Genuity given on Tuesday, September 1. The rating was upgraded by TH Capital on Monday, February 6 to "Buy". Finally, Voya Investment Management LLC raised its position in shares of Glu Mobile by 19.2% in the 2nd quarter. (NASDAQ:GLUU) on Wednesday, August 5 with "Overweight" rating. Zacks' EPS averages are an average based on a survey of sell-side research analysts that follow Glu Mobile.

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