Glu Mobile Price Target Raised to $3.07 at Benchmark Co. (GLUU)
Investment analysts at Benchmark Co. lifted their price objective on shares of Glu Mobile (NASDAQ:GLUU) from $2.42 to $3.07 in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Benchmark Co.’s price objective points to a potential downside of 10.23% from the company’s current price.
Glu Mobile (NASDAQ:GLUU) traded up 3.64% during mid-day trading on Tuesday, hitting $3.42. 7,517,406 shares of the company’s stock traded hands. Glu Mobile has a 52 week low of $1.99 and a 52 week high of $5.40. The stock’s 50-day moving average is $2.45 and its 200-day moving average is $2.62. The company’s market cap is $241.2 million.
Glu Mobile (NASDAQ:GLUU) last announced 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 revenue for the quarter was down 22.1% on a year-over-year basis. On average, analysts predict that Glu Mobile will post $-0.22 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GLUU. Analysts at Canaccord Genuity raised their price target on shares of Glu Mobile from $3.00 to $4.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. Separately, analysts at Northland Securities raised their price target on shares of Glu Mobile from $3.50 to $4.00 in a research note to investors on Tuesday, October 15th. Finally, analysts at Northland Capital Partners raised their price target on shares of Glu Mobile from $3.50 to $4.00 in a research note to investors on Tuesday, October 15th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $4.08.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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