Emerald Advisers Inc. PA Takes Position in Glu Mobile Inc. (GLUU)

Emerald Advisers Inc. PA purchased a new position in Glu Mobile Inc. (NASDAQ:GLUU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 56,300 shares of the company’s stock, valued at approximately $141,000.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Glu Mobile by 125.4% in the first quarter. Goldman Sachs Group Inc. now owns 47,691 shares of the company’s stock worth $108,000 after buying an additional 26,535 shares in the last quarter. Creative Planning boosted its stake in Glu Mobile by 1.8% in the first quarter. Creative Planning now owns 49,901 shares of the company’s stock worth $113,000 after buying an additional 901 shares in the last quarter. American International Group Inc. boosted its stake in Glu Mobile by 7.1% in the first quarter. American International Group Inc. now owns 63,380 shares of the company’s stock worth $144,000 after buying an additional 4,196 shares in the last quarter. Princeton Portfolio Strategies Group LLC purchased a new stake in Glu Mobile during the first quarter worth $153,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Glu Mobile by 140.8% in the first quarter. UBS Asset Management Americas Inc. now owns 73,207 shares of the company’s stock worth $166,000 after buying an additional 42,800 shares in the last quarter. Institutional investors and hedge funds own 29.85% of the company’s stock.

Glu Mobile Inc. (NASDAQ:GLUU) traded up 4.58% during midday trading on Friday, reaching $3.20. The company had a trading volume of 3,041,750 shares. The company’s market capitalization is $433.32 million. Glu Mobile Inc. has a 52-week low of $1.73 and a 52-week high of $3.23. The company’s 50 day moving average is $2.79 and its 200-day moving average is $2.46.

ILLEGAL ACTIVITY NOTICE: “Emerald Advisers Inc. PA Takes Position in Glu Mobile Inc. (GLUU)” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2017/08/19/emerald-advisers-inc-pa-takes-position-in-glu-mobile-inc-gluu-updated-updated.html.

A number of research firms recently weighed in on GLUU. Canaccord Genuity restated a “hold” rating and issued a $3.00 price target on shares of Glu Mobile in a report on Thursday, August 10th. ValuEngine upgraded Glu Mobile from a “sell” rating to a “hold” rating in a report on Friday. Roth Capital set a $4.00 target price on Glu Mobile and gave the company a “buy” rating in a research note on Thursday. Wedbush reaffirmed a “hold” rating on shares of Glu Mobile in a research note on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $3.50 target price (up previously from $3.00) on shares of Glu Mobile in a research note on Wednesday, August 2nd. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $3.03.

In related news, insider Masi Niccolo De sold 339,648 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $2.59, for a total value of $879,688.32. Following the completion of the transaction, the insider now owns 537,228 shares of the company’s stock, valued at approximately $1,391,420.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eric R. Ludwig sold 49,000 shares of Glu Mobile stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $3.12, for a total transaction of $152,880.00. Following the sale, the chief operating officer now directly owns 68,250 shares of the company’s stock, valued at approximately $212,940. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

About Glu Mobile

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.

Institutional Ownership by Quarter for Glu Mobile (NASDAQ:GLUU)

What are top analysts saying about Glu Mobile Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Glu Mobile Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit