Glu Mobile (GLUU) Upgraded to “Buy” by ValuEngine

Glu Mobile (NASDAQ:GLUU) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday, May 2nd.

A number of other research firms have also weighed in on GLUU. BidaskClub upgraded shares of Glu Mobile from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus upped their target price on shares of Glu Mobile from $4.75 to $5.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Zacks Investment Research lowered shares of Glu Mobile from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 8th. Finally, Wedbush set a $5.00 price target on shares of Glu Mobile and gave the company a “hold” rating in a research note on Friday, February 9th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $4.64.

Shares of Glu Mobile traded up $0.09, reaching $5.80, during trading hours on Wednesday, Marketbeat.com reports. 64,142 shares of the company’s stock were exchanged, compared to its average volume of 2,219,197. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $779.30 million, a price-to-earnings ratio of -11.32, a PEG ratio of 6.97 and a beta of 1.35. Glu Mobile has a 1 year low of $5.50 and a 1 year high of $5.58.



Glu Mobile (NASDAQ:GLUU) last posted its earnings results on Tuesday, May 1st. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. Glu Mobile had a negative net margin of 26.33% and a negative return on equity of 34.72%. The company had revenue of $81.44 million for the quarter, compared to analysts’ expectations of $73.20 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. Glu Mobile’s revenue for the quarter was up 43.4% compared to the same quarter last year. research analysts anticipate that Glu Mobile will post 0.05 EPS for the current fiscal year.

In related news, CRO Chris Akhavan sold 339,145 shares of the stock in a transaction on Friday, May 4th. The stock was sold at an average price of $5.02, for a total transaction of $1,702,507.90. Following the completion of the sale, the executive now directly owns 275,908 shares of the company’s stock, valued at $1,385,058.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Gordon S. Lee sold 7,074 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $3.90, for a total value of $27,588.60. The disclosure for this sale can be found here. Insiders sold 601,004 shares of company stock valued at $3,034,061 over the last three months. Corporate insiders own 5.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its holdings in Glu Mobile by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,143,700 shares of the company’s stock valued at $7,803,000 after acquiring an additional 75,600 shares during the period. Nokomis Capital L.L.C. acquired a new stake in Glu Mobile in the first quarter valued at $7,390,000. Dimensional Fund Advisors LP lifted its holdings in Glu Mobile by 31.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,948,495 shares of the company’s stock valued at $7,346,000 after acquiring an additional 462,526 shares during the period. Rothschild Asset Management Inc. acquired a new stake in Glu Mobile in the first quarter valued at $7,082,000. Finally, Ariel Investments LLC lifted its holdings in Glu Mobile by 0.7% in the fourth quarter. Ariel Investments LLC now owns 1,793,088 shares of the company’s stock valued at $6,527,000 after acquiring an additional 13,300 shares during the period. 41.59% of the stock is owned by institutional investors.

Glu Mobile Company Profile

Glu Mobile Inc develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, and QuizUp.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

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