Shares of Glu Mobile Inc. (NASDAQ:GLUU) have earned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $3.97.
Several brokerages have recently weighed in on GLUU. Stifel Nicolaus restated a “buy” rating and set a $4.50 target price (up from $3.30) on shares of Glu Mobile in a report on Tuesday, October 31st. Canaccord Genuity restated a “hold” rating and set a $3.00 target price on shares of Glu Mobile in a report on Monday, October 30th. Wedbush set a $5.00 target price on Glu Mobile and gave the stock a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded Glu Mobile from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Thursday, October 5th. Finally, Roth Capital restated a “buy” rating and set a $4.75 target price (up from $4.00) on shares of Glu Mobile in a report on Monday, September 18th.
In other news, COO Eric R. Ludwig sold 33,000 shares of Glu Mobile stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $3.90, for a total transaction of $128,700.00. Following the sale, the chief operating officer now owns 72,000 shares of the company’s stock, valued at approximately $280,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Eric R. Ludwig sold 160,000 shares of Glu Mobile stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $3.67, for a total transaction of $587,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,196,422 shares of company stock worth $5,055,591. Insiders own 5.60% of the company’s stock.
Shares of Glu Mobile (GLUU) opened at $4.28 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Glu Mobile has a twelve month low of $1.85 and a twelve month high of $4.73.
Glu Mobile (NASDAQ:GLUU) last posted its quarterly earnings data on Wednesday, November 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). Glu Mobile had a negative return on equity of 35.19% and a negative net margin of 29.74%. The firm had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.67 million. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. The company’s quarterly revenue was up 57.8% on a year-over-year basis. sell-side analysts anticipate that Glu Mobile will post -0.18 EPS for the current year.
Glu Mobile Company Profile
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
Receive News & Ratings for Glu Mobile Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glu Mobile Inc. and related companies with MarketBeat.com's FREE daily email newsletter.