Wall Street brokerages expect that Glu Mobile Inc. (NASDAQ:GLUU) will post ($0.03) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Glu Mobile’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at ($0.02). Glu Mobile posted earnings of ($0.11) per share in the same quarter last year, which would suggest a positive year over year growth rate of 72.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Glu Mobile will report full year earnings of ($0.07) per share for the current fiscal year, with EPS estimates ranging from ($0.08) to ($0.06). For the next financial year, analysts forecast that the business will report earnings of $0.08 per share, with EPS estimates ranging from $0.05 to $0.12. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Glu Mobile.

Glu Mobile (NASDAQ:GLUU) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Glu Mobile had a negative return on equity of 35.19% and a negative net margin of 29.74%. The firm had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $80.67 million. During the same period in the prior year, the firm posted ($0.33) earnings per share. Glu Mobile’s revenue for the quarter was up 57.8% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. Wedbush set a $5.00 price objective on shares of Glu Mobile and gave the company a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. ValuEngine raised shares of Glu Mobile from a “sell” rating to a “hold” rating in a research report on Monday, December 11th. BidaskClub cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $3.00 price objective on shares of Glu Mobile in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Glu Mobile currently has an average rating of “Hold” and a consensus price target of $3.97.

In other news, COO Eric R. Ludwig sold 33,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $3.90, for a total value of $128,700.00. Following the completion of the sale, the chief operating officer now owns 72,000 shares in the company, valued at approximately $280,800. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Masi Niccolo De sold 131,966 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $3.70, for a total transaction of $488,274.20. Following the completion of the sale, the insider now owns 512,859 shares of the company’s stock, valued at approximately $1,897,578.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 169,966 shares of company stock valued at $636,674. 5.60% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of Glu Mobile by 15.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 54,822 shares of the company’s stock valued at $137,000 after purchasing an additional 7,131 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Glu Mobile by 19.2% in the 2nd quarter. Voya Investment Management LLC now owns 56,969 shares of the company’s stock valued at $142,000 after purchasing an additional 9,186 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Glu Mobile by 4.0% in the 2nd quarter. Prudential Financial Inc. now owns 119,504 shares of the company’s stock valued at $299,000 after purchasing an additional 4,600 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Glu Mobile in the 2nd quarter valued at about $370,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Glu Mobile by 66.3% in the 3rd quarter. Wells Fargo & Company MN now owns 109,665 shares of the company’s stock valued at $412,000 after purchasing an additional 43,735 shares in the last quarter. Institutional investors and hedge funds own 35.54% of the company’s stock.

Shares of Glu Mobile (GLUU) opened at $3.69 on Wednesday. The stock has a market cap of $505.66, a PE ratio of -6.59 and a beta of 1.72. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. Glu Mobile has a 52-week low of $1.85 and a 52-week high of $4.95.

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Glu Mobile Company Profile

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.

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