Glu Mobile (GLUU) Earns “Buy” Rating from Stifel Nicolaus

Glu Mobile (NASDAQ:GLUU)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a note issued to investors on Friday. They currently have a $4.75 price objective on the stock. Stifel Nicolaus’ price target suggests a potential upside of 48.44% from the stock’s previous close.

GLUU has been the subject of several other reports. ValuEngine lowered Glu Mobile from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Glu Mobile in a research note on Monday, October 30th. BidaskClub raised Glu Mobile from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Zacks Investment Research lowered Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Wedbush set a $5.00 price objective on Glu Mobile and gave the company a “hold” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Glu Mobile has an average rating of “Hold” and a consensus price target of $4.01.

Glu Mobile (NASDAQ:GLUU) traded down $0.22 during trading hours on Friday, hitting $3.20. The stock had a trading volume of 1,789,305 shares, compared to its average volume of 2,923,550. The company has a market cap of $474.14, a price-to-earnings ratio of -5.75 and a beta of 1.61. Glu Mobile has a 1-year low of $1.85 and a 1-year high of $4.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09.

In related news, COO Eric R. Ludwig sold 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was 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 directly owns 72,000 shares of the company’s stock, valued at approximately $280,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Glu Mobile by 6.7% during the 2nd quarter. State Street Corp now owns 1,914,877 shares of the company’s stock worth $4,791,000 after acquiring an additional 120,550 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Glu Mobile by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,142,605 shares of the company’s stock worth $2,857,000 after acquiring an additional 20,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Glu Mobile by 192.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,098,454 shares of the company’s stock worth $4,130,000 after acquiring an additional 722,564 shares during the last quarter. Lyon Street Capital LLC lifted its stake in shares of Glu Mobile by 308.3% during the 3rd quarter. Lyon Street Capital LLC now owns 918,739 shares of the company’s stock worth $3,454,000 after acquiring an additional 693,739 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Glu Mobile by 10.6% during the 4th quarter. California Public Employees Retirement System now owns 898,738 shares of the company’s stock worth $3,271,000 after acquiring an additional 86,438 shares during the last quarter. 35.62% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

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