Gloo (NASDAQ:GLOO) Rating Increased to Hold at Wall Street Zen

Gloo (NASDAQ:GLOO) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts have also commented on GLOO. Roth Mkm reiterated a “buy” rating on shares of Gloo in a report on Thursday, January 29th. Weiss Ratings started coverage on shares of Gloo in a report on Thursday, February 12th. They issued a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.00.

Gloo Stock Performance

GLOO stock opened at $5.61 on Friday. Gloo has a 1 year low of $4.80 and a 1 year high of $9.98.

Gloo (NASDAQ:GLOO) last issued its quarterly earnings data on Tuesday, December 23rd. The company reported ($6.08) earnings per share for the quarter. The company had revenue of $32.55 million during the quarter.

Institutional Trading of Gloo

Several institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Gloo in the fourth quarter valued at about $82,000. Beacon Pointe Advisors LLC acquired a new stake in Gloo during the fourth quarter valued at approximately $142,000. Marshall Wace LLP bought a new stake in shares of Gloo in the 4th quarter valued at approximately $173,000. HRT Financial LP acquired a new position in shares of Gloo in the 4th quarter worth approximately $179,000. Finally, Millennium Management LLC bought a new position in shares of Gloo during the 4th quarter worth approximately $402,000.

About Gloo

Gloo’s mission is to build the leading vertical technology platform for the faith and flourishing ecosystem, which we believe is one of the largest, oldest and least-digitized ecosystems in the world. Our purpose is to shape technology as a force for good, so people can flourish and communities can thrive. This is grounded in our belief that relationships catalyze growth, and when technology is used to serve relationships, it transforms lives. The faith and flourishing ecosystem is vast and, we believe, a technologically underserved vertical that includes traditional Christian (primarily Protestant and Catholic) churches and a diverse network of ministries, nonprofits and service providers.