News stories about Glu Mobile (NASDAQ:GLUU) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Glu Mobile earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 44.7749014521975 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Glu Mobile Inc. (GLUU) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Glu Mobile Inc. (GLUU) : Keep an eye on Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- Analysts’ Recommendation in Spotlight: Glu Mobile Inc (NASDAQ: GLUU) – Alpha Beta Stock (alphabetastock.com)
- OHR Pharmaceutical, Inc., NASDAQ:OHRP, OHRP Glu Mobile Inc. (NASDAQ:GLUU) – Do Analysts Think You Should … – Nasdaq Journal (press release) (nasdaqjournal.com)
- Game Developer Glu Mobile Sells Its Moscow Studio (finance.yahoo.com)
Shares of Glu Mobile (GLUU) traded up $0.12 during trading on Friday, hitting $3.80. 5,660,200 shares of the company traded hands, compared to its average volume of 3,676,025. The stock has a market cap of $515.93, a price-to-earnings ratio of -6.79 and a beta of 1.72. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Glu Mobile has a 52-week low of $1.85 and a 52-week high of $4.95.
Glu Mobile (NASDAQ:GLUU) last announced its quarterly earnings data on Wednesday, November 1st. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). Glu Mobile had a negative net margin of 29.74% and a negative return on equity of 35.19%. The company had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $80.67 million. During the same period in the previous year, the business earned ($0.33) earnings per share. The business’s revenue for the quarter was up 57.8% compared to the same quarter last year. analysts anticipate that Glu Mobile will post -0.18 EPS for the current year.
Several equities analysts recently commented on GLUU shares. ValuEngine lowered shares of Glu Mobile from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Glu Mobile from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Thursday, October 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $4.50 price objective (up from $3.30) on shares of Glu Mobile in a research report on Tuesday, October 31st. Canaccord Genuity reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Glu Mobile in a research report on Monday, October 30th. Finally, BidaskClub raised shares of Glu Mobile from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.97.
In other Glu Mobile news, insider Masi Niccolo De sold 131,966 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $3.70, for a total transaction of $488,274.20. Following the completion of the transaction, the insider now directly owns 512,859 shares of the company’s stock, valued at approximately $1,897,578.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the chief operating officer now directly owns 72,000 shares of the company’s stock, valued at $280,800. The disclosure for this sale can be found here. Insiders have sold a total of 936,422 shares of company stock valued at $4,093,391 over the last three months. 5.60% of the stock is currently owned by insiders.
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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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