Glu Mobile Inc. (NASDAQ:GLUU) has been the object of insider buying and selling activity recently. Masi Niccolo De, Executive Chairman sold $879,688 worth of shares at an average price of $2.59 on Thu the 8th. The Executive Chairman now owns $1,391,421 of the stock as recorded in a recent Form 4 SEC filing. Director Ann Mather let go of 25,000 shares at an average price of $2.62 on Wed the 7th. Mather now owns $75,105 of stock per an SEC filing yesterday.
Executive Chairman Masi Niccolo De disclosed the purchase of 20,000 shares of GLUU stock. The shares were bought on November 17th for an average price of $2.07. The Executive Chairman now owns $1,399,188 of the stock according to the SEC filing.
Glu Mobile Inc., launched on November 16, 2006, 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. Its portfolio of games include Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, QuizUp, Racing Rivals and Tap Sports Baseball, as well as games based on third party licensed brands, including Gordon Ramsay DASH, Kendall & Kylie, and Kim Kardashian: Hollywood..
Here are a few other firms who have also updated their positions. Morgan Stanley downsized its holdings by selling 36,415 shares a decrease of 47.7% as of 03/31/2017. Morgan Stanley controls 39,854 shares with a value of $90,000. The value of the position overall is down by 39.2%. Goldman Sachs Group Inc augmented its position by buying 26,535 shares an increase of 125.4%. Goldman Sachs Group Inc now holds 47,691 shares worth $108,000. The value of the position overall is up by 163.4%.
As of quarter end Precept Management LLC had acquired a total of 2,700,000 shares growing its holdings by 180.0%. The value of the total investment in Glu Mobile Inc. increased from $2,910,000 to $9,534,000 a change of 227.6% since the last quarter. As of quarter end State Street Corp had sold 4,698 shares trimming its position 0.3%. The value of the company’s investment in Glu Mobile Inc. went from $3,493,000 to $4,069,000 a change of $576,000 quarter to quarter.
On May 4 the stock rating was downgraded from “” to “Neutral” with a current price target of $2.50 in a report issued by Roth Capital. On February 5 the company was set at “Buy” according to a Benchmark report a boost from the previous “Hold” rating.
January 12 investment analysts at Northland Securities maintained a company rating of “Outperform” but lowered the price target from $9.50 to $3.00. Wedbush began coverage of GLUU setting a rating of “Neutral” and setting a price target of $3.30.
Equity analyst Roth Capital initiated coverage on GLUU with an initial rating of “Buy” and projecting a price target of $5.00. On November 12, 2015 Oppenheimer issued its first research report on the stock by announcing an initial rating of “Perform”.
The company is trading down by -2.66% since yesterday’s close of $2.63. Shares are trading at $2.56 which is just over $2.54, the 50 day moving average and a bit higher than the 200 day moving average of $2.27. The 50 day moving average was up by +0.65% whereas the 200 day moving average was up $0.29 or +12.76%.
As of the last earnings report the EPS was $-0.76 and is estimated to be $-0.18 for the current year with 134,741,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $-0.06 and the next full year EPS is anticipated to be $-0.04.
Traders are feeling more bullish on shares of the company recently as shown by the change in short interest. The firm recorded a fall in short interest of -6.78% between April 28, 2017 and May 15, 2017. Short shares decreased 1,094,501 over that timeframe. The days to cover increased to 2.9 and the percentage of shorted shares was 0.11% on May 15.