Glu Mobile Price Target Raised to $9.50 at Northland Securities (GLUU)
Research analysts at Northland Securities increased their target price on shares of Glu Mobile (NASDAQ:GLUU) from $9.00 to $9.50 in a report released on Thursday. The firm currently has an “accumulate” rating on the stock. Northland Securities’ price target indicates a potential upside of 66.08% from the company’s current price.
Glu Mobile (NASDAQ:GLUU) traded up 1.96% on Thursday, hitting $5.72. The stock had a trading volume of 8,774,425 shares. Glu Mobile has a 52-week low of $2.10 and a 52-week high of $7.60. The stock has a 50-day moving average of $5.50 and a 200-day moving average of $4.63. The company’s market cap is $489.3 million.
Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.02. The company had revenue of $35.00 million for the quarter, compared to the consensus estimate of $33.24 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up 50.9% on a year-over-year basis. On average, analysts predict that Glu Mobile will post $0.20 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Benchmark Co. downgraded shares of Glu Mobile from a “buy” rating to a “hold” rating in a research note on Thursday. Separately, analysts at Cowen and Company raised their price target on shares of Glu Mobile from $6.00 to $10.00 in a research note on Monday, July 21st. Finally, analysts at Needham & Company LLC raised their price target on shares of Glu Mobile from $6.00 to $7.00 in a research note on Wednesday, July 2nd. They now have a “strong-buy” rating on the stock. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $6.55.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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