Glu Mobile (NASDAQ:GLUU) released its earnings data on Tuesday. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.02, StockRatingsNetwork reports. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $17.14 million. The company’s quarterly revenue was down 22.1% on a year-over-year basis. Glu Mobile updated its Q3 guidance to ($0.11)-(0.10) EPS and its FY13 guidance to ($0.24)-(0.22) EPS.
Several analysts have recently commented on the stock. Analysts at Northland Securities cut their price target on shares of Glu Mobile from $4.25 to $4.00 in a research note to investors on Monday. On a related note, analysts at Northland Capital Partners cut their price target on shares of Glu Mobile from $4.25 to $4.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at B. Riley raised their price target on shares of Glu Mobile from $2.75 to $3.25 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock.
Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Glu Mobile presently has an average rating of “Buy” and an average target price of $4.06.
Glu Mobile (NASDAQ:GLUU) traded up 0.36% on Tuesday, hitting $2.76. Glu Mobile has a 52-week low of $1.99 and a 52-week high of $5.50. The stock’s 50-day moving average is currently $2.5. The company’s market cap is $189.0 million.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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