Glu Mobile Director Hany Nada Sells 400,000 Shares (GLUU)
Glu Mobile (NASDAQ:GLUU) Director Hany Nada sold 400,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $4.99, for a total value of $1,996,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on GLUU. Analysts at Needham & Company raised their price target on shares of Glu Mobile to $5.00 in a research note to investors on Thursday. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Glu Mobile in a research note to investors on Thursday. They now have a $6.00 price target on the stock, up previously from $4.00. Finally, analysts at Piper Jaffray upgraded shares of Glu Mobile from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday. They now have a $6.00 price target on the stock, up previously from $4.00. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $4.78.
Glu Mobile (NASDAQ:GLUU) traded up 1.01% on Friday, hitting $4.99. 11,793,087 shares of the company’s stock traded hands. Glu Mobile has a 52 week low of $2.08 and a 52 week high of $4.98. The stock’s 50-day moving average is $3.97 and its 200-day moving average is $3.17. The company’s market cap is $389.0 million. Glu Mobile also saw unusually large options trading activity on Thursday. Traders bought 10,051 call options on the stock. This is an increase of 409% compared to the average daily volume of 1,976 call options.
Glu Mobile (NASDAQ:GLUU) last announced its earnings results on Tuesday, February 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.08. The company had revenue of $42.80 million for the quarter, compared to the consensus estimate of $32.20 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. Analysts expect that Glu Mobile will post $-0.05 EPS for the current fiscal year.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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