Insider Selling: Hany Nada Unloads 400,000 Shares of Glu Mobile Stock (GLUU)
Glu Mobile (NASDAQ:GLUU) Director Hany Nada sold 400,000 shares of Glu Mobile stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $4.23, for a total value of $1,692,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $4.31.
Glu Mobile (NASDAQ:GLUU) traded down 2.80% on Friday, hitting $4.17. The stock had a trading volume of 4,078,278 shares. Glu Mobile has a 52 week low of $2.00 and a 52 week high of $4.39. The stock’s 50-day moving average is $3.75 and its 200-day moving average is $2.97. The company’s market cap is $325.1 million.
Glu Mobile (NASDAQ:GLUU) last posted its quarterly earnings results 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. 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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