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

GLUU has been the subject of several other research reports. Zacks Investment Research raised shares of Glu Mobile from a “strong sell” rating to a “hold” rating in a report on Thursday, February 15th. BidaskClub downgraded shares of Glu Mobile from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Wedbush set a $5.00 price objective on shares of Glu Mobile and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $4.75 price objective on shares of Glu Mobile in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.01.

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Shares of GLUU opened at $4.17 on Tuesday. Glu Mobile has a 1 year low of $2.23 and a 1 year high of $4.95. The firm has a market cap of $555.19, a PE ratio of -8.18, a PEG ratio of 79.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04.

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

In related news, VP Gordon S. Lee sold 7,074 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of GLUU. Russell Investments Group Ltd. raised its position in Glu Mobile by 16.1% in the third 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. raised its position in Glu Mobile by 371.2% in the third quarter. Ameriprise Financial Inc. now owns 696,400 shares of the company’s stock worth $2,618,000 after acquiring an additional 548,600 shares in the last quarter. JPMorgan Chase & Co. raised its position in Glu Mobile by 4,428.2% in the third quarter. JPMorgan Chase & Co. now owns 243,709 shares of the company’s stock worth $899,000 after acquiring an additional 238,327 shares in the last quarter. Wells Fargo & Company MN raised its position in Glu Mobile by 66.3% in the third quarter. Wells Fargo & Company MN now owns 109,665 shares of the company’s stock worth $412,000 after acquiring an additional 43,735 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Glu Mobile by 192.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,098,454 shares of the company’s stock worth $4,130,000 after acquiring an additional 722,564 shares in the last quarter. Hedge funds and other institutional investors own 40.58% of the company’s stock.

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Glu Mobile Company Profile

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 d├ęcor, 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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