Glu Mobile Inc. (NASDAQ:GLUU) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $3.93.

A number of equities research analysts recently issued reports on GLUU shares. Stifel Nicolaus reiterated a “buy” rating and set a $4.50 target price (up previously from $3.30) on shares of Glu Mobile in a research report on Tuesday, October 31st. BidaskClub upgraded shares of Glu Mobile from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. ValuEngine cut shares of Glu Mobile from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Wedbush set a $5.00 price objective on shares of Glu Mobile and gave the company a “hold” rating in a research report on Wednesday, October 18th.

Shares of Glu Mobile (NASDAQ GLUU) opened at $3.62 on Wednesday. The stock has a market cap of $496.06, a PE ratio of -6.46 and a beta of 1.72. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03. Glu Mobile has a 1 year low of $1.85 and a 1 year high of $4.95.

Glu Mobile (NASDAQ:GLUU) last announced its earnings results on Wednesday, November 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $81.10 million for the quarter, compared to analyst estimates of $80.67 million. Glu Mobile had a negative return on equity of 35.19% and a negative net margin of 29.74%. The company’s revenue for the quarter was up 57.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.33) EPS. analysts expect that Glu Mobile will post -0.18 earnings per share for the current fiscal year.

In other Glu Mobile news, Director Hany Nada sold 766,456 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $4.51, for a total value of $3,456,716.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Eric R. Ludwig sold 33,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $3.90, for a total transaction of $128,700.00. Following the completion of the sale, the chief operating officer now owns 72,000 shares of the company’s stock, valued at approximately $280,800. The disclosure for this sale can be found here. Insiders sold a total of 936,422 shares of company stock valued at $4,093,391 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of GLUU. Goldman Sachs Group Inc. boosted its stake in shares of Glu Mobile by 15.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 54,822 shares of the company’s stock valued at $137,000 after purchasing an additional 7,131 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Glu Mobile by 19.2% in the 2nd quarter. Voya Investment Management LLC now owns 56,969 shares of the company’s stock valued at $142,000 after purchasing an additional 9,186 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Glu Mobile by 4.0% in the 2nd quarter. Prudential Financial Inc. now owns 119,504 shares of the company’s stock valued at $299,000 after purchasing an additional 4,600 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of Glu Mobile in the 2nd quarter valued at about $370,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Glu Mobile by 66.3% in the 3rd quarter. Wells Fargo & Company MN now owns 109,665 shares of the company’s stock valued at $412,000 after purchasing an additional 43,735 shares during the last quarter. 35.54% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Glu Mobile Inc. (GLUU) Receives Average Rating of “Hold” from Analysts” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/01/10/glu-mobile-inc-gluu-receives-average-rating-of-hold-from-analysts.html.

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.

Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

Receive News & Ratings for Glu Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glu Mobile and related companies with MarketBeat.com's FREE daily email newsletter.