Glu Mobile Inc. (NASDAQ:GLUU) to Release Earnings on Tuesday
Glu Mobile Inc. (NASDAQ:GLUU) is set to post its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect Glu Mobile to post earnings of ($0.13) per share for the quarter.
Glu Mobile (NASDAQ:GLUU) last released its earnings results on Wednesday, May 3rd. The company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.08. The company had revenue of $56.80 million for the quarter, compared to analysts’ expectations of $53.59 million. Glu Mobile had a negative net margin of 50.11% and a negative return on equity of 36.94%. Glu Mobile’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) earnings per share. On average, analysts expect Glu Mobile to post $-0.32 EPS for the current fiscal year and $-0.15 EPS for the next fiscal year.
Glu Mobile Inc. (GLUU) traded down 0.530% during trading on Thursday, reaching $2.815. The company had a trading volume of 557,840 shares. The firm’s market capitalization is $379.30 million. The stock has a 50 day moving average price of $2.58 and a 200 day moving average price of $2.37. Glu Mobile Inc. has a 52 week low of $1.73 and a 52 week high of $2.88.
In other Glu Mobile news, insider Masi Niccolo De sold 339,648 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $2.59, for a total value of $879,688.32. Following the transaction, the insider now directly owns 537,228 shares of the company’s stock, valued at approximately $1,391,420.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Glu Mobile from a “sell” rating to a “hold” rating in a research report on Tuesday. Cowen and Company reissued an “outperform” rating and set a $3.00 target price on shares of Glu Mobile in a research note on Thursday, May 4th. Roth Capital set a $4.00 target price on shares of Glu Mobile and gave the stock a “buy” rating in a research note on Wednesday, May 24th. BidaskClub raised shares of Glu Mobile from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Canaccord Genuity reissued a “hold” rating and set a $3.00 target price on shares of Glu Mobile in a research note on Friday, June 30th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Glu Mobile has a consensus rating of “Buy” and an average price target of $2.81.
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About Glu Mobile
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
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