Gloo Holdings (NASDAQ:GLOO – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One 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 analysts that have issued a report on the stock in the last year is $12.00.
GLOO has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Gloo from a “hold” rating to a “sell” rating in a research report on Sunday, September 13th. Citigroup began coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating on the stock. Weiss Ratings lowered Gloo from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Citizens Jmp reissued a “market outperform” rating and issued a $8.00 target price on shares of Gloo in a report on Thursday, September 10th. Finally, Lake Street Capital decreased 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.
Get Our Latest Stock Report on GLOO
Insiders Place Their Bets
In related news, major shareholder Financial For Luthera Thrivent sold 36,000 shares of Gloo stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $3.23, for a total transaction of $116,280.00. Following the completion of the sale, the insider owned 4,039,000 shares in the company, valued at approximately $13,045,970. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 223,600 shares of company stock worth $747,630. Company insiders own 45.23% of the company’s stock.
Institutional Investors Weigh In On Gloo
Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in shares of Gloo by 263.4% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $27,000 after acquiring an additional 3,996 shares in the last quarter. Financial Advisory Partners LLC acquired a new position in shares of Gloo in the third quarter worth about $344,000. Skylands Capital LLC boosted its holdings in Gloo by 23.1% in the third 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, Waverly Advisors LLC purchased a new position in Gloo in the first quarter valued at about $1,202,000.
Gloo Stock Down 0.3%
Shares of NASDAQ GLOO opened at $2.91 on Wednesday. The firm has a market cap of $266.36 million and a price-to-earnings ratio of -0.40. The company’s 50-day simple moving average is $3.66 and its 200-day simple moving average is $4.79. Gloo has a 52-week low of $2.85 and a 52-week high of $9.98.
Gloo (NASDAQ:GLOO – Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The firm had revenue of $46.57 million for the quarter. Equities research analysts anticipate that Gloo will post -0.65 EPS for the current fiscal year.
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.
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