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 institutional investors have recently bought and sold shares of the stock. MARSHALL WACE ASIA Ltd grew its position in Glu Mobile by 34.8% during the third quarter. MARSHALL WACE ASIA Ltd now owns 4,555,849 shares of the company’s stock worth $33,941,000 after buying an additional 1,176,427 shares in the last quarter. Vanguard Group Inc. grew its position in Glu Mobile by 9.9% during the third quarter. Vanguard Group Inc. now owns 10,792,797 shares of the company’s stock worth $80,407,000 after buying an additional 975,586 shares in the last quarter. Morgan Stanley grew its position in Glu Mobile by 25.4% during the third quarter. Morgan Stanley now owns 551,026 shares of the company’s stock worth $4,106,000 after buying an additional 111,766 shares in the last quarter. Nordea Investment Management AB grew its position in Glu Mobile by 9.6% during the third quarter. Nordea Investment Management AB now owns 584,594 shares of the company’s stock worth $4,355,000 after buying an additional 50,980 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Glu Mobile during the third quarter worth about $749,000. Institutional investors and hedge funds own 56.31% of the company’s stock.

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.

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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 d├ęcor, 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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Insider Buying and Selling by Quarter for Glu Mobile (NASDAQ:GLUU)

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