Northland Capital Partners cut their price target on shares of Glu Mobile (NASDAQ:GLUU) from $4.00 to $3.50 in a research note issued on Monday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ target price indicates a potential upside of 42.86% from the stock’s previous close.
Shares of Glu Mobile (NASDAQ:GLUU) traded down 11.23% during mid-day trading on Monday, hitting $2.45. 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 $2.54. The company’s market cap is $167.8 million.
Glu Mobile (NASDAQ:GLUU) last announced its earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.07) by $0.02. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $17.14 million. Glu Mobile’s revenue was down 22.1% compared to the same quarter last year. Analysts expect that Glu Mobile will post $-0.13 EPS for the current fiscal year.
Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $4.02.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
