Stifel Nicolaus reissued their buy rating on shares of Glu Mobile Inc. (NASDAQ:GLUU) in a research report report published on Thursday morning.

A number of other equities research analysts also recently issued reports on GLUU. Canaccord Genuity reiterated a hold rating and set a $3.00 price target on shares of Glu Mobile in a research report on Thursday, August 10th. Roth Capital set a $4.00 price target on shares of Glu Mobile and gave the company a buy rating in a research report on Thursday, August 24th. ValuEngine upgraded shares of Glu Mobile from a sell rating to a hold rating in a research report on Friday, August 18th. Wedbush restated a hold rating on shares of Glu Mobile in a research report on Wednesday, August 2nd. Finally, Cowen and Company restated an outperform rating and set a $3.50 price objective (up from $3.00) on shares of Glu Mobile in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $3.06.

Shares of Glu Mobile (NASDAQ GLUU) traded down 0.429% during trading on Thursday, hitting $3.485. The company’s stock had a trading volume of 630,996 shares. The company has a 50-day moving average price of $3.13 and a 200-day moving average price of $2.57. The stock’s market cap is $471.92 million. Glu Mobile has a one year low of $1.73 and a one year high of $3.70.

COPYRIGHT VIOLATION NOTICE: “Glu Mobile Inc. (GLUU) Given “Buy” Rating at Stifel Nicolaus” was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.dailypolitical.com/2017/09/08/glu-mobile-inc-gluu-given-buy-rating-at-stifel-nicolaus.html.

In other news, COO Eric R. Ludwig sold 49,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $3.12, for a total transaction of $152,880.00. Following the completion of the sale, the chief operating officer now directly owns 68,250 shares of the company’s stock, valued at approximately $212,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Eric R. Ludwig sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $3.43, for a total transaction of $85,750.00. Following the sale, the chief operating officer now directly owns 82,000 shares of the company’s stock, valued at $281,260. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in GLUU. Menta Capital LLC purchased a new stake in shares of Glu Mobile during the 1st quarter valued at $3,359,000. Northern Right Capital Management L.P. grew its stake in shares of Glu Mobile by 109.9% during the 2nd quarter. Northern Right Capital Management L.P. now owns 2,759,786 shares of the company’s stock valued at $6,899,000 after buying an additional 1,444,816 shares during the period. Quantitative Investment Management LLC purchased a new stake in shares of Glu Mobile during the 2nd quarter valued at $1,721,000. ETF Managers Group LLC purchased a new stake in shares of Glu Mobile during the 2nd quarter valued at $1,099,000. Finally, Engineers Gate Manager LP grew its stake in shares of Glu Mobile by 214.6% during the 2nd quarter. Engineers Gate Manager LP now owns 583,115 shares of the company’s stock valued at $1,458,000 after buying an additional 397,771 shares during the period. 35.14% of the stock is owned by institutional investors.

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