Glu Mobile (NASDAQ:GLUU) had its target price lifted by Northland Capital Partners from $4.00 to $4.75 in a research note released on Friday morning, AR Network reports. They currently have an outperform rating on the stock.
In other Glu Mobile news, CFO Eric R. Ludwig sold 163,000 shares of Glu Mobile stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $3.70, for a total value of $603,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Glu Mobile (NASDAQ:GLUU) traded down 2.79% during mid-day trading on Friday, hitting $3.31. The stock had a trading volume of 1,984,583 shares. Glu Mobile has a 52-week low of $1.99 and a 52-week high of $4.14. The stock has a 50-day moving average of $2.95 and a 200-day moving average of $2.66. The company’s market cap is $236.8 million.
Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.10) by $0.03. The company had revenue of $22.60 million for the quarter, compared to the consensus estimate of $20.28 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was down 12.7% on a year-over-year basis. On average, analysts predict that Glu Mobile will post $-0.15 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GLUU. Analysts at Needham & Company raised their price target on shares of Glu Mobile from $3.00 to $4.00 in a research note to investors on Thursday, October 31st. They now have a buy rating on the stock. Separately, analysts at Benchmark Co. reiterated a buy rating on shares of Glu Mobile in a research note to investors on Thursday, October 31st. They now have a $3.07 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Glu Mobile from $4.00 to $4.25 in a research note to investors on Thursday, October 31st. They now have a buy rating on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $4.08.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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