The shares of Glu Mobile Inc. (NASDAQ:GLUU) has been pegged with a rating of Overweight by Stephens in its latest research note that was published on January 11th, 2019. The research company has also assigned a $10.50 price target. Stephens wasn’t the only research firm that published a report of Glu Mobile Inc., with other equities research analysts also giving their opinion on the stock. ROTH Capital advised investors in its research note published on October 8th, 2018, to Neutral the GLUU stock. The stock had earned Overweight rating from Piper Jaffray when it published its report on June 15th, 2018. That day the Piper Jaffray set price target on the stock to $7.50. The stock was given Buy rating by The Benchmark Company in its report released on May 2nd, 2018, the day when the price target on the stock was placed at $7. Stifel was of a view that GLUU is Buy in its latest report on October 31st, 2017 while giving it a price target of $4.50. ROTH Capital thinks that GLUU is worth Buy rating. This was contained in the firm’s report on February 6th, 2017.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $11.51. The price of the stock the last time has raised by 69.88% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 27.35.
The shares of the company dipped by -2.49% during the trading session on Tuesday, reaching a low of $8.61 while ending the day at $8.63. During the trading session, a total of 2.85 million shares were traded which represents a -22.89% decline from the average session volume which is 2.32M shares. GLUU had ended its last session trading at 8.85. Glu Mobile Inc. currently has a market cap of $1.27B while its P/E earnings growth sits at 3.34, with a beta of 0.83. Glu Mobile Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 1.30. GLUU 52-week low price stands at $5.08 while its 52-week high price is $11.75.
The company in its last quarterly report recorded $0.05 earnings per share which is below the $0.05 predicted by most analysts. The Glu Mobile Inc. generated $92.60 million in revenue during the last quarter, which is slightly higher than the $89.75 million predicted by analysts. In the second quarter last year, the firm recorded $0.07 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -40%. Glu Mobile Inc. has the potential to record -0.04 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Goldman published a research note on January 22nd, 2019 where it informed investors and clients that The Gap, Inc. (NYSE:GPS) is now rated as Sell. Their price target on the stock stands at $23. ROTH Capital also rated GPS as Downgrade on October 8th, 2018, with its price target of $77 suggesting that GPS could surge by 26.06% from its current share price. Even though the stock has been trading at $22.74/share, analysts expect it to surge higher by 0.44% to reach $30.89/share. It started the day trading at $22.90 and traded between $21.75 and $22.84 throughout the trading session.
A look at its technical shows that GPS’s 50-day SMA is 25.67 while its 200-day SMA stands at 26.88. The stock has a high of $34.21 for the year while the low is $22.50. The company’s P/E ratio currently sits at 8.52, while the P/B ratio is 2.44. At the moment, only of The Gap, Inc. shares were sold short. The company’s average trading volume currently stands at 5.71M shares, which means that the short-interest ratio is just 4.96 days. Over the past seven days, the company moved, with its shift of -8.35%. Looking further, the stock has dropped -9.15% over the past 90 days while it lost -17.93% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more GPS shares, increasing its portfolio by +2.50% during the last quarter. This move now sees The Vanguard Group Inc purchasing 689,124 shares in the last quarter, thus it now holds 28,200,591 shares of GPS, with a total valuation of $735,471,413. BlackRock Fund Advisors meanwhile bought more GPS shares in the recently filed quarter, changing its stake to $404,399,375 worth of shares. SunAmerica Asset Management LLC followed the path by decreasing its GPS portfolio by -4.42% in the quarter. This means that SunAmerica Asset Management LLC sold -670,933 shares in the last quarter and now controls 14,498,094 shares of the GPS stock, with the valuation hitting $378,110,292.
Similarly, Mellon Investments Corp increased its The Gap, Inc. shares by +6.31% during the recently filed quarter. After buying 678,440 shares in the last quarter, the firm now controls 11,433,544 shares of The Gap, Inc. which are valued at $298,186,828. In the same vein, SSgA Funds Management Inc decreased its The Gap, Inc. shares by during the most recent reported quarter. The firm sold -678,051 shares during the quarter which decreased its stakes to 10,003,244 shares and is now valued at $260,884,604. Following these latest developments, around 7.20% of The Gap, Inc. stocks are owned by institutional investors and hedge funds.