Gloo Holdings (GLOO) – What Are Investment Firms Thinking About This Stock?

Shares of Gloo Holdings (NASDAQ:GLOO) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $12.00.

A number of research firms have recently commented on GLOO. Lake Street Capital lowered their target price on Gloo from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Citigroup initiated coverage on shares of Gloo in a research report on Monday, July 20th. They issued an “outperform” rating on the stock. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research note on Sunday, September 13th. Citizens Jmp reaffirmed a “market outperform” rating and set a $8.00 price target on shares of Gloo in a research note on Thursday, September 10th. Finally, Weiss Ratings lowered shares of Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th.

Gloo Price Performance

Shares of Gloo stock opened at $2.90 on Wednesday. The stock has a 50 day moving average of $3.62 and a 200 day moving average of $4.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.23 and a quick ratio of 1.21. Gloo has a 12 month low of $2.78 and a 12 month high of $9.98.

Gloo (NASDAQ:GLOO) last released its quarterly earnings data on Wednesday, September 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.14). The firm had revenue of $46.57 million during the quarter. Gloo had a negative return on equity of 1,637.91% and a negative net margin of 81.35%. As a group, equities analysts expect that Gloo will post -0.65 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Financial For Luthera Thrivent sold 16,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $3.55, for a total transaction of $56,800.00. Following the sale, the insider directly owned 4,023,000 shares in the company, valued at approximately $14,281,650. This represents a 0.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 155,000 shares of company stock worth $516,116. 45.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Waverly Advisors LLC bought a new stake in Gloo during the first quarter worth approximately $1,202,000. Financial Advisory Partners LLC bought a new stake in shares of Gloo in the 3rd quarter valued at approximately $344,000. Skylands Capital LLC lifted its stake in shares of Gloo by 23.1% in the 3rd quarter. Skylands Capital LLC now owns 126,000 shares of the company’s stock valued at $539,000 after purchasing an additional 23,638 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Gloo by 263.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after purchasing an additional 3,996 shares during the period.

Gloo Company Profile

Gloo, Inc is a technology company that provides digital tools and services for faith-based organizations, churches and ministry leaders. Its platform is designed to help these organizations build relationships, engage with their communities and support personal and spiritual growth through technology.

The company offers solutions that may include church and ministry management tools, communication and engagement capabilities, data-driven insights, coaching resources and artificial-intelligence-powered applications.