ValuEngine upgraded shares of Glu Mobile (NASDAQ:GLUU) from a sell rating to a hold rating in a report published on Tuesday.
Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of Glu Mobile from a sell rating to a hold rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Glu Mobile from a hold rating to a strong sell rating in a research report on Thursday, February 8th. Stifel Nicolaus reissued a buy rating and set a $4.75 price target on shares of Glu Mobile in a research report on Friday, February 9th. Finally, Wedbush set a $5.00 price target on shares of Glu Mobile and gave the company a hold rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Glu Mobile has an average rating of Hold and a consensus target price of $4.01.
Shares of GLUU opened at $4.30 on Tuesday. The company has a market cap of $592.85, a P/E ratio of -8.43, a PEG ratio of 85.00 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.05. Glu Mobile has a twelve month low of $2.24 and a twelve month high of $4.95.
Glu Mobile (NASDAQ:GLUU) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.10). The firm had revenue of $83.20 million for the quarter, compared to the consensus estimate of $78.51 million. Glu Mobile had a negative net margin of 34.02% and a negative return on equity of 41.28%.
In other Glu Mobile news, VP Gordon S. Lee sold 7,074 shares of Glu Mobile stock in a transaction that occurred on 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 available at the SEC website. Insiders own 5.60% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new stake in Glu Mobile in the 4th quarter worth approximately $110,000. Castleark Management LLC grew its position in Glu Mobile by 38.6% in the 4th quarter. Castleark Management LLC now owns 1,655,077 shares of the company’s stock worth $6,024,000 after purchasing an additional 460,590 shares during the period. Macquarie Group Ltd. grew its position in Glu Mobile by 154.5% in the 4th quarter. Macquarie Group Ltd. now owns 53,700 shares of the company’s stock worth $195,000 after purchasing an additional 32,600 shares during the period. Jane Street Group LLC purchased a new position in shares of Glu Mobile during the 4th quarter worth $270,000. Finally, Teachers Advisors LLC boosted its stake in shares of Glu Mobile by 13.6% during the 4th quarter. Teachers Advisors LLC now owns 197,691 shares of the company’s stock worth $720,000 after acquiring an additional 23,670 shares during the last quarter. 40.58% of the stock is owned by institutional investors and hedge funds.
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About Glu Mobile
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 décor, 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.
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