Glu Mobile Price Target Raised to $4.75 at Northland Capital Partners (GLUU)
Equities research analysts at Northland Capital Partners increased their target price on shares of Glu Mobile (NASDAQ:GLUU) from $4.00 to $4.75 in a research note issued to investors on Friday, AmericanBankingNews.com reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price objective indicates a potential upside of 40.95% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Needham & Company raised their price target on shares of Glu Mobile from $3.00 to $4.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Benchmark Co. reiterated a “buy” rating on shares of Glu Mobile in a research note to investors on Thursday. They now have a $3.07 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Glu Mobile from $4.00 to $4.25 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $4.08.
In other Glu Mobile news, CFO Eric R. Ludwig sold 163,000 shares of the stock on the open market in a transaction dated Monday, October 28th. The stock was sold at an average price of $3.70, for a total transaction of $603,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Glu Mobile (NASDAQ:GLUU) traded down 0.88% during mid-day trading on Friday, hitting $3.37. 3,343,412 shares of the company’s stock traded hands. Glu Mobile has a 1-year low of $1.99 and a 1-year high of $5.40. The stock has a 50-day moving average of $2.91 and a 200-day moving average of $2.66. The company’s market cap is $241.0 million.
Glu Mobile (NASDAQ:GLUU) last announced its earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. The company had revenue of $22.60 million for the quarter, compared to the consensus estimate of $20.28 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, analysts predict that Glu Mobile will post $-0.15 earnings per share for the current fiscal year.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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