Glu Mobile (GLUU) Receiving Favorable Media Coverage, Analysis Shows
News articles about Glu Mobile (NASDAQ:GLUU) have been trending positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Glu Mobile earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.1993720789978 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Glu Mobile (GLUU) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Glu Mobile: Record Breaking Performance, Taylor Swift App, Analyst Upgrade and Target Price (finance.yahoo.com)
- Today’s Research Reports on Trending Tickers: Glu Mobile and Zynga (finance.yahoo.com)
- Glu Mobile (GLUU) Stock Rating Upgraded by ValuEngine (americanbankingnews.com)
- BidaskClub Upgrades Glu Mobile (GLUU) to Buy (americanbankingnews.com)
GLUU has been the topic of several analyst reports. Zacks Investment Research raised shares of Glu Mobile from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research report on Wednesday, September 6th. ValuEngine lowered shares of Glu Mobile from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $4.50 price target (up from $3.30) on shares of Glu Mobile in a research report on Tuesday, October 31st. Canaccord Genuity reaffirmed a “hold” rating and set a $3.00 price target on shares of Glu Mobile in a research report on Monday, October 30th. Finally, BidaskClub raised shares of Glu Mobile from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.97.
Shares of Glu Mobile (GLUU) opened at $4.56 on Wednesday. Glu Mobile has a 1 year low of $1.85 and a 1 year high of $4.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09.
Glu Mobile (NASDAQ:GLUU) last released its quarterly earnings data on Wednesday, November 1st. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). Glu Mobile had a negative net margin of 29.74% and a negative return on equity of 35.19%. The company had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.67 million. During the same quarter in the prior year, the firm earned ($0.33) earnings per share. Glu Mobile’s revenue for the quarter was up 57.8% on a year-over-year basis. equities research analysts forecast that Glu Mobile will post -0.18 earnings per share for the current year.
In other Glu Mobile news, COO Eric R. Ludwig sold 100,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $3.75, for a total value of $375,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Masi Niccolo De sold 131,966 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $3.70, for a total transaction of $488,274.20. Following the completion of the transaction, the insider now owns 512,859 shares in the company, valued at $1,897,578.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,196,422 shares of company stock worth $5,055,591. Corporate insiders own 5.60% of the company’s stock.
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Glu Mobile Company Profile
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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