Glu Mobile Director Hany Nada Sells 500,000 Shares (GLUU)
Glu Mobile (NASDAQ:GLUU) Director Hany Nada sold 500,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $4.15, for a total value of $2,075,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on GLUU shares. Analysts at Roth Capital initiated coverage on shares of Glu Mobile in a research note to investors on Wednesday. They set a “buy” rating and a $5.00 price target on the stock. Separately, analysts at Craig Hallum upgraded shares of Glu Mobile from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $4.31.
Shares of Glu Mobile (NASDAQ:GLUU) traded up 1.92% on Wednesday, hitting $4.25. The stock had a trading volume of 5,331,713 shares. Glu Mobile has a 52-week low of $2.00 and a 52-week high of $4.24. The stock’s 50-day moving average is $3.6 and its 200-day moving average is $2.94. The company’s market cap is $331.3 million.
Glu Mobile (NASDAQ:GLUU) last released its earnings data on Wednesday, October 30th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Glu Mobile will post $-0.15 EPS for the current fiscal year.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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