What’s Next for Glu Mobile Inc. (GLUU) After Achieving 52-Week High?

October 12, 2017 - By Linda Rogers

Investors sentiment decreased to 1.56 in 2017 Q2. Its down 0.25, from 1.81 in 2017Q1. It dropped, as 11 investors sold Glu Mobile Inc. shares while 21 reduced holdings. 20 funds opened positions while 30 raised stakes. 42.45 million shares or 21.72% more from 34.88 million shares in 2017Q1 were reported.
State Board Of Administration Of Florida Retirement holds 0% or 46,073 shares. Frontier Invest Company holds 0% or 12,000 shares in its portfolio. Voya Invest Mngmt Ltd Liability Corp holds 0% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU) for 56,969 shares. Lyon Street Cap Llc holds 0.23% in Glu Mobile Inc. (NASDAQ:GLUU) or 225,000 shares. Panagora Asset Mgmt has invested 0% in Glu Mobile Inc. (NASDAQ:GLUU). Swiss Retail Bank invested 0% in Glu Mobile Inc. (NASDAQ:GLUU). Manufacturers Life Insur Co The has invested 0% in Glu Mobile Inc. (NASDAQ:GLUU). Susquehanna Group Llp, Pennsylvania-based fund reported 331,145 shares. Goldman Sachs Gp owns 0% invested in Glu Mobile Inc. (NASDAQ:GLUU) for 54,822 shares. Deutsche Bancorp Ag invested 0% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU). State Street reported 1.91M shares. The Massachusetts-based Geode Capital Mgmt Ltd Co has invested 0% in Glu Mobile Inc. (NASDAQ:GLUU). Tiaa Cref Investment Ltd Liability accumulated 293,289 shares. New York-based Engineers Gate Manager Lp has invested 0.13% in Glu Mobile Inc. (NASDAQ:GLUU). Peak6 Investments L P holds 0% or 4,600 shares in its portfolio.

The stock of Glu Mobile Inc. (NASDAQ:GLUU) hit a new 52-week high and has $4.47 target or 6.00 % above today’s $4.22 share price. The 6 months bullish chart indicates low risk for the $572.13 million company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $4.47 price target is reached, the company will be worth $34.33 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 5.34 million shares traded or 90.71% up from the average. Glu Mobile Inc. (NASDAQ:GLUU) has risen 5.65% since October 12, 2016 and is uptrending. It has underperformed by 11.05% the S&P500.

Analysts await Glu Mobile Inc. (NASDAQ:GLUU) to report earnings on November, 7. After $-0.15 actual earnings per share reported by Glu Mobile Inc. for the previous quarter, Wall Street now forecasts -60.00 % EPS growth.

Glu Mobile Inc. (NASDAQ:GLUU) Ratings Coverage

Among 11 analysts covering Glu Mobile (NASDAQ:GLUU), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Glu Mobile had 34 analyst reports since August 5, 2015 according to SRatingsIntel. Cowen & Co maintained Glu Mobile Inc. (NASDAQ:GLUU) on Friday, July 7 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $2.8000 target in Monday, July 10 report. The firm earned “Buy” rating on Tuesday, September 1 by Canaccord Genuity. As per Monday, February 6, the company rating was upgraded by Roth Capital. The company was upgraded on Friday, February 5 by Benchmark. Mizuho initiated Glu Mobile Inc. (NASDAQ:GLUU) on Friday, December 23 with “Neutral” rating. The rating was initiated by TH Capital with “Buy” on Friday, November 13. On Tuesday, September 5 the stock rating was maintained by Canaccord Genuity with “Hold”. The stock of Glu Mobile Inc. (NASDAQ:GLUU) has “Buy” rating given on Friday, July 28 by Roth Capital. The company was upgraded on Monday, February 6 by TH Capital.

More important recent Glu Mobile Inc. (NASDAQ:GLUU) news were published by: Businesswire.com which released: “Glu Releases First Look at Interactive Social App, The Swift Lifeâ„¢” on October 11, 2017, also Seekingalpha.com published article titled: “Race To $4: Zynga Vs. Glu Mobile”, Fool.com published: “Why Glu Mobile Inc. Stock Skyrocketed 33.3% in August” on September 12, 2017. More interesting news about Glu Mobile Inc. (NASDAQ:GLUU) was released by: Seekingalpha.com and their article: “Glu Mobile: Forget Rovio” with publication date: October 04, 2017.

Glu Mobile Inc. develops, publishes and markets a portfolio of mobile games. The company has market cap of $572.13 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.

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