Glu Mobile Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:GLUU)
Glu Mobile (NASDAQ:GLUU) has received an average rating of “Buy” from the thirteen ratings firms that are presently covering the company, AnalystRatings.NET reports. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.82.
Shares of Glu Mobile (NASDAQ:GLUU) traded up 0.65% on Tuesday, hitting $4.791. The stock had a trading volume of 726,004 shares. Glu Mobile has a 52 week low of $2.10 and a 52 week high of $5.22. The stock has a 50-day moving average of $4.30 and a 200-day moving average of $3.36. The company’s market cap is $374.0 million.
Glu Mobile (NASDAQ:GLUU) last posted its quarterly 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 $0.02 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Glu Mobile from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 11th. They now have a $5.30 price target on the stock. Separately, analysts at Needham & Company raised their price target on shares of Glu Mobile to $5.00 in a research note on Thursday, February 6th. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Glu Mobile in a research note on Thursday, February 6th. They now have a $6.00 price target on the stock, up previously from $4.00.
In other Glu Mobile news, CFO Eric Ludwig sold 214,870 shares of the stock on the open market in a transaction dated Thursday, February 13th. The shares were sold at an average price of $4.76, for a total transaction of $1,022,781.20. Following the completion of the transaction, the chief financial officer now directly owns 57,000 shares in the company, valued at approximately $271,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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