Glu Mobile (GLUU) Receiving Somewhat Positive News Coverage, Study Shows
News articles about Glu Mobile (NASDAQ:GLUU) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Glu Mobile earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.7062072807187 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Glu Mobile Inc. (GLUU) noted a price change of -2.52% and Talend SA (TLND) closes with a move of -2.08% – Stocks Gallery (stocksgallery.com)
- Glu Mobile Inc. (GLUU) Having Eye Catching Insider Ownership of 1.20% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Wavering Stocks Glu Mobile Inc. (NASDAQ:GLUU) a Multimedia & Graphics Software Company – The Stock Street (press release) (thestreetpoint.com)
- Analysts’ Recommendations in Limelight: Glu Mobile Inc (GLUU) – ExpertGazette (expertgazette.com)
- Insider Selling: Glu Mobile Inc. (GLUU) Director Sells 5,000 Shares of Stock (americanbankingnews.com)
A number of research firms have commented on GLUU. Roth Capital set a $4.00 target price on shares of Glu Mobile and gave the stock a “buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Glu Mobile in a report on Thursday, September 7th. ValuEngine raised shares of Glu Mobile from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Cowen and Company reaffirmed an “outperform” rating and set a $3.50 target price (up previously from $3.00) on shares of Glu Mobile in a report on Wednesday, August 2nd. Finally, Wedbush reaffirmed a “hold” rating on shares of Glu Mobile in a report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Glu Mobile has a consensus rating of “Buy” and an average target price of $3.97.
Glu Mobile (NASDAQ GLUU) traded up $0.01 on Friday, reaching $4.10. 4,448,509 shares of the company traded hands, compared to its average volume of 4,584,992. 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 $4.73.
Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings results on Wednesday, November 1st. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Glu Mobile had a negative return on equity of 35.19% and a negative net margin of 29.74%. The business had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.67 million. During the same period last year, the firm earned ($0.33) earnings per share. The company’s quarterly revenue was up 57.8% compared to the same quarter last year. equities analysts forecast that Glu Mobile will post -0.18 EPS for the current year.
In other news, COO Eric R. Ludwig sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $3.43, for a total transaction of $85,750.00. Following the transaction, the chief operating officer now directly owns 82,000 shares in the company, valued at approximately $281,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Eric R. Ludwig sold 100,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $3.75, for a total transaction of $375,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,221,422 shares of company stock worth $5,141,341 over the last three months. Insiders own 5.60% of the company’s stock.
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Glu Mobile Company Profile
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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