Glu Mobile Inc. (GLUU) Director Benjamin T. Iv Smith Sells 179,595 Shares
Glu Mobile Inc. (NASDAQ:GLUU) Director Benjamin T. Iv Smith sold 179,595 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $7.37, for a total value of $1,323,615.15. Following the sale, the director now owns 189,595 shares in the company, valued at $1,397,315.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Glu Mobile stock traded down $0.32 during midday trading on Friday, hitting $7.08. 1,727,600 shares of the company’s stock were exchanged, compared to its average volume of 2,308,375. Glu Mobile Inc. has a 52-week low of $3.02 and a 52-week high of $8.42. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -13.88, a PEG ratio of 4.69 and a beta of 1.02.
Glu Mobile (NASDAQ:GLUU) last posted its earnings results on Tuesday, November 6th. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. Glu Mobile had a negative return on equity of 19.28% and a negative net margin of 14.65%. The business had revenue of $99.30 million during the quarter, compared to analysts’ expectations of $96.14 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The firm’s revenue was up 22.4% on a year-over-year basis. On average, research analysts anticipate that Glu Mobile Inc. will post 0.1 earnings per share for the current year.
A number of analysts recently issued reports on the company. BidaskClub upgraded Glu Mobile from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Zacks Investment Research upgraded Glu Mobile from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Tuesday, November 13th. Wedbush reiterated a “hold” rating and set a $7.00 price objective on shares of Glu Mobile in a research note on Wednesday, November 7th. Finally, Roth Capital lowered Glu Mobile from a “buy” rating to a “neutral” rating in a research note on Monday, October 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Glu Mobile has a consensus rating of “Buy” and a consensus target price of $7.50.
About Glu Mobile
Glu Mobile Inc develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, and QuizUp.
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