Gloo (NASDAQ:GLOO) Upgraded by Wall Street Zen to Hold Rating

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

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

Gloo Stock Performance

Shares of Gloo stock opened at $5.61 on Friday. Gloo has a 52 week low of $4.80 and a 52 week high of $9.98.

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

Institutional Investors Weigh In On Gloo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Gloo during the 4th quarter valued at $82,000. Beacon Pointe Advisors LLC acquired a new stake in Gloo during the fourth quarter valued at $142,000. Marshall Wace LLP purchased a new position in Gloo in the fourth quarter valued at about $173,000. HRT Financial LP acquired a new position in Gloo in the 4th quarter worth about $179,000. Finally, Millennium Management LLC purchased a new stake in shares of Gloo during the 4th quarter worth about $402,000.

Gloo Company Profile

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.