Glu Mobile Price Target Raised to $4.00 at Northland Capital Partners (GLUU)
Analysts at Northland Capital Partners hoisted their target price on shares of Glu Mobile (NASDAQ:GLUU) from $3.50 to $4.00 in a research report issued to clients and investors on Tuesday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price target suggests a potential upside of 28.21% from the stock’s previous close.
Glu Mobile (NASDAQ:GLUU) opened at 3.12 on Tuesday. Glu Mobile has a one year low of $1.99 and a one year high of $3.86. The stock has a 50-day moving average of $2.5 and a 200-day moving average of $2.60. The company’s market cap is $220.1 million.
Glu Mobile (NASDAQ:GLUU) last posted its earnings results on Tuesday, August 6th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was down 22.1% on a year-over-year basis. On average, analysts predict that Glu Mobile will post $-0.23 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GLUU. Analysts at B. Riley upgraded shares of Glu Mobile from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $3.75 price target on the stock, up previously from $2.75. They noted that the move was a valuation call. Separately, analysts at Northland Securities reiterated a “positive” rating on shares of Glu Mobile in a research note to investors on Friday, September 20th. Finally, analysts at Benchmark Co. initiated coverage on shares of Glu Mobile in a research note to investors on Friday, August 16th. They set a “hold” rating and a $2.42 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $3.92.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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