Glu Mobile (GLUU) Earning Somewhat Positive Press Coverage, Accern Reports
News coverage about Glu Mobile (NASDAQ:GLUU) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Glu Mobile earned a news impact score of 0.10 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.7519795803866 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Can Evergreen Titles Drive Glu Mobile’s (GLUU) Q4 Earnings? (zacks.com)
- Brokerages Expect Glu Mobile Inc. (GLUU) Will Post Quarterly Sales of $77.88 Million (americanbankingnews.com)
- Glu Mobile Inc. (GLUU) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Glu Mobile (GLUU) Rating Increased to Hold at BidaskClub (americanbankingnews.com)
- Glu Mobile Inc. (NASDAQ:GLUU) – Early Moves to Watch – Nasdaq Journal (nasdaqjournal.com)
A number of analysts recently commented on the company. BidaskClub upgraded Glu Mobile from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine cut Glu Mobile from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Zacks Investment Research cut Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Stifel Nicolaus reiterated a “buy” rating and set a $4.50 target price (up previously from $3.30) on shares of Glu Mobile in a research report on Tuesday, October 31st. Finally, Canaccord Genuity reiterated a “hold” rating and set a $3.00 target price on shares of Glu Mobile in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $3.97.
In related news, COO Eric R. Ludwig sold 33,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $3.90, for a total transaction of $128,700.00. Following the completion of the sale, the chief operating officer now owns 72,000 shares in the company, valued at $280,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.60% of the company’s stock.
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About Glu Mobile
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
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