Glu Mobile (NASDAQ:GLUU) was upgraded by stock analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, MarketBeat.com reports. The brokerage currently has a $7.00 price objective on the stock. Roth Capital’s price target indicates a potential upside of 26.35% from the company’s current price.

A number of other research firms have also recently commented on GLUU. Benchmark reduced their price objective on Glu Mobile from $14.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. ValuEngine cut Glu Mobile from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub upgraded Glu Mobile from a “sell” rating to a “hold” rating in a research report on Saturday, September 7th. Wedbush reduced their price target on Glu Mobile from $9.00 to $8.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Stephens set a $8.00 price target on Glu Mobile and gave the stock a “buy” rating in a research report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Glu Mobile presently has a consensus rating of “Buy” and a consensus target price of $7.61.

Glu Mobile stock traded up $0.08 during mid-day trading on Wednesday, reaching $5.54. 53,643 shares of the stock traded hands, compared to its average volume of 2,599,727. The stock has a market capitalization of $805.99 million, a PE ratio of -69.29, a price-to-earnings-growth ratio of 3.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.34. Glu Mobile has a 12-month low of $4.11 and a 12-month high of $11.75. The business’s 50-day moving average is $5.16 and its 200-day moving average is $8.05.

Glu Mobile (NASDAQ:GLUU) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $101.90 million during the quarter, compared to analysts’ expectations of $100.93 million. Glu Mobile had a return on equity of 3.39% and a net margin of 0.41%. Glu Mobile’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Equities analysts anticipate that Glu Mobile will post 0.11 EPS for the current fiscal year.

In other news, VP Scott Leichtner sold 54,357 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $4.56, for a total value of $247,867.92. Following the completion of the transaction, the vice president now owns 252,669 shares of the company’s stock, valued at $1,152,170.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Greg Brandeau sold 4,166 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $7.10, for a total value of $29,578.60. Following the completion of the transaction, the director now directly owns 41,664 shares of the company’s stock, valued at approximately $295,814.40. The disclosure for this sale can be found here. Corporate insiders own 6.84% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Glu Mobile by 14.8% in the second quarter. Creative Planning now owns 11,650 shares of the company’s stock worth $84,000 after acquiring an additional 1,500 shares during the period. Cetera Investment Advisers boosted its stake in Glu Mobile by 4.1% during the second quarter. Cetera Investment Advisers now owns 77,322 shares of the company’s stock valued at $555,000 after buying an additional 3,072 shares during the last quarter. Cim LLC boosted its stake in Glu Mobile by 21.4% during the first quarter. Cim LLC now owns 21,485 shares of the company’s stock valued at $235,000 after buying an additional 3,785 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Glu Mobile by 20.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 22,588 shares of the company’s stock valued at $171,000 after buying an additional 3,846 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Glu Mobile by 2.2% during the second quarter. Swiss National Bank now owns 213,300 shares of the company’s stock valued at $1,531,000 after buying an additional 4,500 shares during the last quarter. 65.86% of the stock is owned by hedge funds and other institutional investors.

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 primarily in four genres, including home d├ęcor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, Blood & Glory, Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, QuizUp, and Tap Sports.

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Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

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