Glu Mobile Inc. (NASDAQ:GLUU) Given Consensus Rating of “Buy” by Analysts

Glu Mobile Inc. (NASDAQ:GLUU) has earned an average rating of “Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.79.

GLUU has been the topic of several research analyst reports. Benchmark upgraded shares of Glu Mobile to a “buy” rating and set a $8.00 price target on the stock in a research report on Tuesday, September 10th. Roth Capital upgraded shares of Glu Mobile from a “neutral” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Wednesday, September 11th. Stephens set a $8.00 price target on shares of Glu Mobile and gave the stock a “buy” rating in a research report on Friday, September 6th. Piper Jaffray Companies restated an “overweight” rating and issued a $6.50 price target on shares of Glu Mobile in a research report on Tuesday, September 24th. Finally, Zacks Investment Research lowered shares of Glu Mobile from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th.

In related news, Director Greg Brandeau sold 12,498 shares of Glu Mobile stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $6.00, for a total transaction of $74,988.00. Following the completion of the transaction, the director now directly owns 29,166 shares of the company’s stock, valued at approximately $174,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott Leichtner sold 54,357 shares of Glu Mobile stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $4.56, for a total transaction of $247,867.92. Following the transaction, the vice president now directly owns 252,669 shares of the company’s stock, valued at $1,152,170.64. The disclosure for this sale can be found here. 6.84% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in Glu Mobile during the 3rd quarter valued at about $69,000. Congress Asset Management Co. MA lifted its holdings in Glu Mobile by 62.1% during the 3rd quarter. Congress Asset Management Co. MA now owns 287,715 shares of the company’s stock valued at $1,436,000 after purchasing an additional 110,260 shares during the last quarter. Ibex Investors LLC bought a new position in Glu Mobile during the 3rd quarter valued at about $680,000. Russell Investments Group Ltd. lifted its holdings in Glu Mobile by 15.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 482,712 shares of the company’s stock valued at $2,372,000 after purchasing an additional 65,509 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Glu Mobile by 12.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,400,000 shares of the company’s stock valued at $6,986,000 after purchasing an additional 150,000 shares during the last quarter. 64.83% of the stock is owned by hedge funds and other institutional investors.

NASDAQ GLUU opened at $5.66 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.34. The firm has a market capitalization of $826.61 million, a price-to-earnings ratio of -70.75, a P/E/G ratio of 2.47 and a beta of 1.15. The company’s fifty day moving average is $5.63 and its two-hundred day moving average is $6.55. Glu Mobile has a 52-week low of $4.11 and a 52-week high of $11.75.

Glu Mobile (NASDAQ:GLUU) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13). The company had revenue of $120.40 million during the quarter, compared to analyst estimates of $111.00 million. Glu Mobile had a positive return on equity of 0.22% and a negative net margin of 0.82%. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, sell-side analysts expect that Glu Mobile will post 0.15 earnings per share for the current fiscal year.

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 primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, Blood & Glory, Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, QuizUp, and Tap Sports.

Read More: Dividend

Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

Receive News & Ratings for Glu Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glu Mobile and related companies with MarketBeat.com's FREE daily email newsletter.