Glu Mobile Inc. (NASDAQ:GLUU) registered a 6.09% increase, still its new closing price is 41.04% up from the company’s 1 year high of 4.00.It posted 5.17% gains in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 1 buy or better ratings. The 8 stock analysts following this company have an average price target at $2.52, with individual PT in the $2.00-$3.00 range. The shares moved at $2.44, implying that brokerage firms see shares gaining about 17.87% in twelve months time.
Glu Mobile Inc. (GLUU) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 25.77% rise year to date. A Executive Chairman at Glu Mobile Inc. (GLUU) acquired shares in a transaction closed on Thursday November 17, 2016. de Masi Niccolo bought 20,000 shares in the company at $2.07 each and collected $41,000 in proceeds. de Masi Niccolo now owns 675,936 shares in the company after this transaction. A President & CEO in the company, Earl Nicholas, disclosed a transaction on Thursday November 17, 2016 that ended up paying $209,000 from the purchase of 100,000 shares at $2.09 per share.
Glu Mobile Inc. (NASDAQ:GLUU) Upcoming Results on Tap
Glu Mobile Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.04 in that period. Sales during the quarter are predicted to arrive at $48.18 million.
Earnings surprise history: Last quarter, the company posted approximately $51.38 million in revenue and EPS of $-0.24. The mean forecast was for $50.93 million and $-0.03 a share, respectively. One quarter earlier, revenue for the stock was at $50.94 million, with earnings at $-0.03/share.
Glu Mobile Inc. (GLUU) Brokerage Update
Glu Mobile Inc. (GLUU) is in Northland Capital’s research list so their analyst rating change is noteworthy. These shares were downgraded to Market Perform from Outperform by Northland Capital, according to news reported on Wednesday August 03, 2016.Another important research note was issued by ROTH Capital on Wednesday May 04, 2016.The firm downgraded GLUU to Neutral from Buy. Over the last six months and over the last three months, the shares of Glu Mobile Inc. (GLUU), have changed 6.55% and 23.23%, respectively.