Glu Mobile Receives Positive Rating from Northland Securities (GLUU)
Glu Mobile (NASDAQ:GLUU)‘s stock had its “positive” rating reaffirmed by stock analysts at Northland Securities in a report issued on Friday, Analyst Ratings.Net reports.
Glu Mobile (NASDAQ:GLUU) traded up 4.68% on Friday, hitting $2.46. 1,445,335 shares of the company’s stock traded hands. Glu Mobile has a 52-week low of $1.99 and a 52-week high of $5.16. The stock has a 50-day moving average of $2.39 and a 200-day moving average of $2.62. The company’s market cap is $173.5 million.
Glu Mobile (NASDAQ:GLUU) last released its earnings data on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $17.14 million. The company’s revenue for the quarter was down 22.1% on a year-over-year basis. Analysts expect that Glu Mobile will post $-0.23 EPS for the current fiscal year.
A number of other firms have also recently commented on GLUU. Analysts at Benchmark Co. initiated coverage on shares of Glu Mobile (NASDAQ:GLUU) in a research note to investors on Friday, August 16th. They set a “hold” rating and a $2.42 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Glu Mobile (NASDAQ:GLUU) from $3.50 to $3.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. Finally, analysts at Northland Capital Partners cut their price target on shares of Glu Mobile (NASDAQ:GLUU) from $4.00 to $3.50 in a research note to investors on Monday, August 5th. They now have an “outperform” rating on the stock.
Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $3.83.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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