Glu Mobile (GLUU) Earns Coverage Optimism Score of 0.19
Media coverage about Glu Mobile (NASDAQ:GLUU) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 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 daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.9070833935542 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Here’s A Quick Way To get the best- Glu Mobile Inc. (NASDAQ:GLUU) – The Stock Street (press release) (thestreetpoint.com)
- What Analysts Have to Say About Glu Mobile Inc (GLUU)? – ExpertGazette (expertgazette.com)
- Glu Mobile Inc. (GLUU) Needs Strong Boost to Get Active Moment in Street – Stock News Stop (stockmarketstop.com)
- Buy or Sell? What Analysts Recommends: Glu Mobile Inc. (NASDAQ:GLUU) – Market Breaking Point (press release) (journalfinance.net)
- ETFs with exposure to Glu Mobile, Inc. : December 19, 2017 (finance.yahoo.com)
Glu Mobile (NASDAQ GLUU) traded down $0.03 on Friday, hitting $3.62. The stock had a trading volume of 2,198,136 shares, compared to its average volume of 4,371,985. The firm has a market cap of $500.17, a price-to-earnings ratio of -6.46 and a beta of 1.73. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03. Glu Mobile has a 12 month low of $1.85 and a 12 month high of $4.95.
Glu Mobile (NASDAQ:GLUU) last released its quarterly earnings data on Wednesday, November 1st. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.67 million. Glu Mobile had a negative net margin of 29.74% and a negative return on equity of 35.19%. The business’s quarterly revenue was up 57.8% compared to the same quarter last year. During the same period last year, the business earned ($0.33) earnings per share. equities analysts anticipate that Glu Mobile will post -0.18 EPS for the current year.
Several analysts have recently issued reports on GLUU shares. ValuEngine lowered Glu Mobile from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research lowered Glu Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub lowered Glu Mobile from a “buy” rating to a “hold” rating in a report on Tuesday. Roth Capital reissued a “buy” rating and set a $4.75 target price (up from $4.00) on shares of Glu Mobile in a report on Monday, September 18th. Finally, Canaccord Genuity reissued a “hold” rating and set a $3.00 target price on shares of Glu Mobile in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $3.97.
In related news, Director Hany Nada sold 766,456 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $4.51, for a total value of $3,456,716.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Eric R. Ludwig sold 160,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $3.67, for a total value of $587,200.00. The disclosure for this sale can be found here. Insiders sold 1,196,422 shares of company stock worth $5,055,591 over the last ninety days. 5.60% of the stock is currently owned by insiders.
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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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