Glu Mobile (GLUU) Receives Daily Media Sentiment Rating of 0.18
Media stories about Glu Mobile (NASDAQ:GLUU) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Glu Mobile earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.611794666756 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Glu Mobile (GLUU) traded down $0.08 during midday trading on Wednesday, hitting $3.69. The stock had a trading volume of 3,496,800 shares, compared to its average volume of 3,726,190. The stock has a market capitalization of $516.62, a PE ratio of -6.59 and a beta of 1.72. Glu Mobile has a one year low of $1.85 and a one year high of $4.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09.
Glu Mobile (NASDAQ:GLUU) last announced its quarterly earnings results on Wednesday, November 1st. The company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). The company had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $80.67 million. Glu Mobile had a negative net margin of 29.74% and a negative return on equity of 35.19%. Glu Mobile’s revenue for the quarter was up 57.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.33) earnings per share. analysts predict that Glu Mobile will post -0.18 EPS for the current fiscal year.
Several analysts have issued reports on GLUU shares. Zacks Investment Research lowered Glu Mobile from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Wedbush set a $5.00 target price on Glu Mobile and gave the company a “hold” rating in a research note on Wednesday, October 18th. Canaccord Genuity restated a “hold” rating and issued a $3.00 target price on shares of Glu Mobile in a research note on Monday, October 30th. Stifel Nicolaus restated a “buy” rating and issued a $4.50 target price (up from $3.30) on shares of Glu Mobile in a research note on Tuesday, October 31st. Finally, ValuEngine lowered Glu Mobile from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.97.
In other news, COO Eric R. Ludwig sold 33,000 shares of Glu Mobile stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $3.90, for a total value of $128,700.00. Following the completion of the transaction, the chief operating officer now directly owns 72,000 shares in the company, valued at $280,800. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Masi Niccolo De sold 131,966 shares of Glu Mobile stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $3.70, for a total value of $488,274.20. Following the completion of the transaction, the insider now owns 512,859 shares of the company’s stock, valued at $1,897,578.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 169,966 shares of company stock valued at $636,674. 5.60% of the stock is owned by company insiders.
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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