Gloo Holdings (NASDAQ:GLOO) Stock Has Average Price Target of $12.00 According to Analysts

Shares of Gloo Holdings (NASDAQ:GLOO) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.00.

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

Insider Buying and Selling

In other Gloo news, major shareholder Financial For Luthera Thrivent sold 36,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $3.23, for a total transaction of $116,280.00. Following the transaction, the insider owned 4,039,000 shares of the company’s stock, valued at $13,045,970. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 224,700 shares of company stock worth $751,107. Company insiders own 45.23% of the company’s stock.

Hedge Funds Weigh In On Gloo

Several large investors have recently added to or reduced their stakes in the company. Grace & Mercy Foundation Inc. bought a new stake in Gloo during the fourth quarter valued at $14,225,000. 1492 Capital Management LLC boosted its holdings in shares of Gloo by 5.5% in the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock valued at $1,451,000 after buying an additional 15,824 shares during the period. Waverly Advisors LLC acquired a new position in shares of Gloo in the 1st quarter valued at about $1,202,000. Cornerstone Management Inc. bought a new stake in shares of Gloo during the 1st quarter valued at about $601,000. Finally, EverSource Wealth Advisors LLC raised its stake in Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $27,000 after acquiring an additional 3,996 shares during the period.

Gloo Stock Up 0.3%

Shares of NASDAQ GLOO opened at $3.83 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 1.23. Gloo has a 1 year low of $2.90 and a 1 year high of $9.98. The stock’s 50-day simple moving average is $3.71 and its 200-day simple moving average is $4.61. The firm has a market cap of $350.56 million and a price-to-earnings ratio of -0.52.

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

About Gloo

Gloo, Inc (NASDAQ:GLOO) is a technology company focused on supporting faith-based organizations, churches and ministry leaders. Its platform is designed to help organizations strengthen relationships, improve engagement and pursue growth through digital tools, data-driven insights and connected resources.

The company offers technology and services intended to assist with church and ministry operations, leadership development, communications and community-building. Gloo also develops artificial intelligence and other digital solutions aimed at helping faith leaders and organizations access information, guidance and practical tools.

Gloo primarily serves faith-based organizations and leaders in the United States.