Glu Mobile Given New $84.00 Price Target at Northland Securities (GLUU)
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Glu Mobile from $5.50 to $8.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Separately, analysts at Benchmark Co. downgraded shares of Glu Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, 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. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Glu Mobile presently has a consensus rating of “Buy” and a consensus price target of $15.00.
Shares of Glu Mobile (NASDAQ:GLUU) opened at 5.16 on Tuesday. Glu Mobile has a 1-year low of $2.10 and a 1-year high of $7.60. The stock’s 50-day moving average is $5. and its 200-day moving average is $4.78. The company’s market cap is $496.8 million.
Glu Mobile (NASDAQ:GLUU) last released its earnings data on Wednesday, July 30th. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.05) earnings per share. Glu Mobile’s revenue was up 50.9% compared to the same quarter last year. Analysts expect that Glu Mobile will post $0.20 EPS for the current fiscal year.
Glu Mobile Inc (NASDAQ:GLUU), markets and sells mobile games.
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