According to Zacks, “GLU MOBILE INC., is a leading global publisher of mobile games. Its portfolio of top-rated games includes original titles Super K.O. Boxing!, Stranded and Brain Genius, and titles based on major brands from partners including Atari, Activision, Konami, Harrah’s, Hasbro, Warner Bros., Microsoft, PlayFirst, PopCap Games, SEGA and Sony. Glu is based in San Mateo, Calif. and has offices in London, France, Germany, Spain, Italy, Sweden, Poland, Russia, Hong Kong, China, Brazil, Chile, Canada and San Clemente, Calif. “
Other equities analysts have also issued research reports about the stock. Mizuho upped their target price on shares of Glu Mobile from $2.30 to $2.40 and gave the stock a neutral rating in a research report on Thursday, February 9th. Wedbush set a $2.00 price objective on shares of Glu Mobile and gave the company a hold rating in a research report on Wednesday, February 8th. Canaccord Genuity reiterated a hold rating and set a $3.00 price objective on shares of Glu Mobile in a research report on Friday, February 3rd. Finally, Roth Capital set a $2.00 price objective on shares of Glu Mobile and gave the company a hold rating in a research report on Wednesday, January 11th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $2.66.
Shares of Glu Mobile (NASDAQ:GLUU) opened at 2.25 on Tuesday. The firm has a 50-day moving average of $2.12 and a 200-day moving average of $2.14. Glu Mobile has a one year low of $1.73 and a one year high of $3.04. The company’s market cap is $303.11 million.
Glu Mobile (NASDAQ:GLUU) last issued its earnings results on Wednesday, February 8th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.06. Glu Mobile had a negative return on equity of 27.11% and a negative net margin of 43.59%. The company had revenue of $46.30 million for the quarter, compared to the consensus estimate of $47.04 million. During the same quarter in the prior year, the company posted $0.02 EPS. Glu Mobile’s revenue was down 24.1% compared to the same quarter last year. Equities research analysts forecast that Glu Mobile will post ($0.17) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Advisors Inc. OK acquired a new stake in Glu Mobile during the third quarter worth $103,000. Creative Planning increased its stake in Glu Mobile by 1.8% in the first quarter. Creative Planning now owns 49,901 shares of the company’s stock worth $113,000 after buying an additional 901 shares during the last quarter. Bank of Montreal Can acquired a new stake in Glu Mobile during the first quarter worth $171,000. Engineers Gate Manager LP increased its stake in Glu Mobile by 1,230.8% in the third quarter. Engineers Gate Manager LP now owns 137,707 shares of the company’s stock worth $308,000 after buying an additional 127,359 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Glu Mobile by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 370,072 shares of the company’s stock worth $718,000 after buying an additional 28,041 shares during the last quarter. 26.56% of the stock is currently owned by institutional investors.
About Glu Mobile
Glu Mobile Inc develops, publishes and markets a portfolio of games. The Company’s games appeal to a cross section of the users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts. It operates through mobile games segment. It operates in various geographical regions, including the United States; Americas, excluding the United States; Europe, the Middle East and Africa (EMEA), and Asia Pacific.
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