Insider Selling: Matthew Ricchetti Unloads 6,250 Shares of Glu Mobile Stock (GLUU)
Glu Mobile (NASDAQ:GLUU) Insider Matthew Ricchetti sold 6,250 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $4.01, for a total transaction of $25,062.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Glu Mobile (NASDAQ:GLUU) traded down 3.24% on Friday, hitting $3.88. 2,614,867 shares of the company’s stock traded hands. Glu Mobile has a 1-year low of $2.00 and a 1-year high of $4.39. The stock has a 50-day moving average of $3.86 and a 200-day moving average of $3.08. The company’s market cap is $302.5 million.
Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings data 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 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 analysts have recently weighed in on GLUU shares. Analysts at Canaccord Genuity raised their price target on shares of Glu Mobile from $4.25 to $5.00 in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Separately, analysts at Roth Capital initiated coverage on shares of Glu Mobile in a research note to investors on Wednesday, January 8th. They set a “buy” rating and a $5.00 price target on the stock. Finally, 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, January 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $4.40.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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