Revenue Growth Analysis of Glu Mobile, Inc. (NASDAQ:GLUU)

However the company reported $-0.01 earnings per share for the same quarter during past year. Glu Mobile posted sales of $46.31 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 68.2%.

According to Zacks, analysts expect that Glu Mobile will report full-year earnings of ($0.30) per share for the current fiscal year, with EPS estimates ranging from ($0.32) to ($0.28). The consensus mean EPS for the current quarter is at $-0.03 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. Zacks' earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Glu Mobile.

Glu Mobile (NASDAQ:GLUU) last posted its earnings results on Wednesday, November 1st. Hence the difference between Predicted EPS and Actual EPS reported is $0.03/share which shows an Earnings Surprise of 100 Percent. The Return on Equity (ROE) value stands at -36.5%. The business had revenue of $81.10 million during the quarter, compared to analysts' expectations of $80.67 million. The firm's revenue for the quarter was up 57.8% compared to the same quarter previous year. (NASDAQ:GLUU). Geode Capital Mngmt Ltd Liability reported 895,089 shares. (GLUU) most recent 13F filing, the company has 14 new institutional holders - accounting for 2.77 million shares of its common stock. Roth Capital restated a "buy" rating and set a $4.00 price objective on shares of Glu Mobile in a research report on Tuesday, September 5th. Price T Rowe Associates Md invested 0% in Glu Mobile Inc. Zacks Investment Research upgraded shares of Glu Mobile from a "hold" rating to a "buy" rating and set a $2.75 target price on the stock in a research note on Wednesday, February 8th. Meanwhile, the price rate of change (ROC) is now 7.673, indicating a Buy. Glu Mobile Inc. (NASDAQ:GLUU) has risen 5.65% since December 6, 2016 and is uptrending. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Over the course of a year, the highest point for this stock was at $4.73 while the lowest price during that same timeframe was $1.85. The stock grabbed 14 new institutional investments totaling 2,772,471 shares while 10 institutional investors sold out their entire positions totaling 3,397,742 shares. The stock was sold at an average price of $3.90, for a total value of $128,700.00. Also, COO Eric R. Ludwig sold 33,000 shares of the firm's stock in a transaction dated Wednesday, November 15th. In a transaction dated November 03, 2017, the shares were put up for sale at an average price of $3.7, raking in a sum of $488,274. The firm owned 167,454 shares of the company's stock after purchasing an additional 86,388 shares during the period. The disclosure for this sale can be found here. Creative Planning increased its position in shares of Glu Mobile by 1.8% in the first quarter. Company insiders own 5.60% of the company's stock.

Institutional investors now hold around $190 million or 37.3% in GLUU stock. Vanguard Group Inc. grew its stake in Glu Mobile by 8.0% in the 1st quarter. The stock exchanged hands 3.85 Million shares versus average trading capacity of 3.95 Million shares, yielding a market cap of $585.74 Million. Finally, Morgan Stanley boosted its holdings in Glu Mobile by 40.5% in the first quarter. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 5,032,299 shares of the stock are valued at $19.68 million. The total amount of shares outstanding is 139.13 million, giving the company a market capitalization of about 544.00 million. California Public Employees Retirement System now owns 812,300 shares of the company's stock valued at $2,031,000 after purchasing an additional 17,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Glu Mobile by 192.2% in the 3rd quarter. Morgan Stanley now owns 713,836 shares of the company's stock valued at $1,620,000 after purchasing an additional 205,918 shares in the last quarter.

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Glu Mobile Company Profile Glu Mobile Inc develops, publishes and markets a portfolio of mobile games.

Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices.

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