Performance Focus: Shares Higher Over the Past Month Customers Bancorp (CUBI)

Mae Love
December 7, 2017

Other hedge funds and other institutional investors also recently modified their holdings of the company. The ERP5 of Glu Mobile Inc. 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 during the period. Parametric Portfolio Associates LLC acquired a new position in shares of Glu Mobile during the 1st quarter valued at $184,000.

Looking forward, the company's quarterly earnings are expected to come at -$0.06 in the three months through December 2017 and -$0.06 in the quarter ending March 2018, reflecting -50% and -53.85% growth, respectively. Alliancebernstein L.P. lifted its position in Glu Mobile by 114.1% during the 2nd quarter. Morgan Stanley lifted its position in Glu Mobile by 40.5% during the 1st quarter. The company's beta value is at 1.75. The Value Composite Two of Glu Mobile Inc. (GLUU) in the open market. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. Its book value per share for the most recent quarter is $1.36 while its price to book ratio for the same period is 3.01, as for as the company's cash per share for the most recent quarter is $0.45, however its price to cash per share ratio for the same period is 9.05. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). The firm 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%. Revenue during the quarter was $85.68 million, representing 67% growth from $51.38 million in year-ago quarter.

Glu Mobile Inc. most recently reported earnings per share (EPS) of 0 for the September 2017 versus -$0.24 in the same quarter past year, representing -100% growth. (NASDAQ:GLUU) to report earnings on February, 14. Canaccord Genuity reaffirmed a hold rating and set a $3.00 target price on shares of Glu Mobile in a research note on Monday, October 30th.

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LLC now owns 500 shares of the company's stock worth $122,000 after purchasing an additional 385 shares in the last quarter. This buyback authorization allows the company to purchase up to 2.8% of its stock through open market purchases.

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Stock volatility is a percentage that indicates whether a stock is a desirable purchase. ValuEngine raised Glu Mobile from a "sell" rating to a "hold" rating in a report on Friday, August 18th. The count of Hold ratings in that period was 3. Northern Trust reported 1.14M shares. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Current price places the company's stock -99.78% away from its 200-day simple moving average, 19.43%, away from the 50-day average and also -21.11% away from 20-day average. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The Stock has YTD (year to date) performance of 110.82 percent. The company's market cap is $358.41 million. Vanguard Group Inc. now owns 4,667,543 shares of the company's stock valued at $10,595,000 after purchasing an additional 344,727 shares during the period. The disclosure for this sale can be found here. The last close places the company's stock about $26911.43 off its 52 week high of $26918.64 and $5.65 above the 52 week low of $1.56.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and worldwide trademark & copyright legislation. Glu Mobile Inc. (NASDAQ:GLUU) has risen 5.65% since December 6, 2016 and is uptrending. Steinberg Asset Management has invested 0.02% of its portfolio in Glu Mobile Inc.

Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for 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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