Insider Selling: Hany Nada Unloads 90,334 Shares of Glu Mobile Stock (GLUU)
Glu Mobile (NASDAQ:GLUU) Director Hany Nada sold 90,334 shares of the stock on the open market in a transaction dated Friday, January 3rd. The stock was sold at an average price of $3.95, for a total value of $356,819.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Glu Mobile (NASDAQ:GLUU) remained flat at $3.90 during during mid-day trading trading on Friday. 2,380,773 shares of the company’s stock traded hands. Glu Mobile has a 1-year low of $2.00 and a 1-year high of $4.14. The stock has a 50-day moving average of $3.63 and a 200-day moving average of $2.91. The company’s market cap is $304.0 million.
Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.07) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.03) earnings per share. Glu Mobile’s revenue was down 12.7% compared to the same quarter last year. Analysts expect that Glu Mobile will post $-0.15 EPS for the current fiscal year.
A number of research firms have recently commented on GLUU. Analysts at B. Riley downgraded shares of Glu Mobile from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $4.25 price target on the stock, up previously from $3.88. Separately, analysts at Northland Capital Partners raised their price target on shares of Glu Mobile from $4.00 to $4.75 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Finally, 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, October 31st. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $4.20.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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