Glu Mobile (GLUU) Stock Rating Upgraded by ValuEngine

Glu Mobile (NASDAQ:GLUU) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other research analysts also recently weighed in on GLUU. BidaskClub downgraded shares of Glu Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Zacks Investment Research lowered shares of Glu Mobile from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 8th. Wedbush set a $5.00 target price on shares of Glu Mobile and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $4.75 target price on shares of Glu Mobile in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $4.01.

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GLUU opened at $4.25 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04. Glu Mobile has a 1-year low of $2.24 and a 1-year high of $4.95. The firm has a market cap of $581.69, a price-to-earnings ratio of -8.33, a price-to-earnings-growth ratio of 83.40 and a beta of 1.37.

Glu Mobile (NASDAQ:GLUU) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.10). Glu Mobile had a negative return on equity of 41.28% and a negative net margin of 34.02%. The business had revenue of $83.20 million for the quarter, compared to analyst estimates of $78.51 million.

In other news, VP Gordon S. Lee sold 7,074 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $3.90, for a total value of $27,588.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of GLUU. Russell Investments Group Ltd. grew its stake in shares of Glu Mobile by 16.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 155,219 shares of the company’s stock worth $583,000 after acquiring an additional 21,569 shares in the last quarter. Ameriprise Financial Inc. grew its position in Glu Mobile by 371.2% during the third quarter. Ameriprise Financial Inc. now owns 696,400 shares of the company’s stock valued at $2,618,000 after buying an additional 548,600 shares during the period. JPMorgan Chase & Co. grew its position in Glu Mobile by 4,428.2% during the third quarter. JPMorgan Chase & Co. now owns 243,709 shares of the company’s stock valued at $899,000 after buying an additional 238,327 shares during the period. Wells Fargo & Company MN grew its position in Glu Mobile by 66.3% during the third quarter. Wells Fargo & Company MN now owns 109,665 shares of the company’s stock valued at $412,000 after buying an additional 43,735 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Glu Mobile by 192.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,098,454 shares of the company’s stock valued at $4,130,000 after buying an additional 722,564 shares during the period. Hedge funds and other institutional investors own 40.58% of the company’s stock.

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About Glu Mobile

Glu Mobile Inc develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, and QuizUp.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

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