Glu Mobile Inc. (NASDAQ:GLUU) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $2.85.

Several brokerages have recently commented on GLUU. Zacks Investment Research upgraded shares of Glu Mobile from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Mizuho raised their price objective on shares of Glu Mobile from $2.40 to $2.80 and gave the company a “neutral” rating in a research report on Thursday, May 4th. Cowen and Company reiterated an “outperform” rating and issued a $3.00 price target on shares of Glu Mobile in a report on Thursday, May 4th. Finally, Roth Capital set a $4.00 price target on shares of Glu Mobile and gave the company a “buy” rating in a report on Wednesday, May 24th.

In other Glu Mobile news, insider Masi Niccolo De sold 339,648 shares of Glu Mobile stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $2.59, for a total value of $879,688.32. Following the sale, the insider now directly owns 537,228 shares in the company, valued at approximately $1,391,420.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Glu Mobile by 2.4% in the fourth quarter. State Street Corp now owns 1,799,025 shares of the company’s stock worth $3,493,000 after buying an additional 41,559 shares in the last quarter. Creative Planning increased its stake in shares of Glu Mobile by 1.8% in the first quarter. Creative Planning now owns 49,901 shares of the company’s stock worth $113,000 after buying an additional 901 shares in the last quarter. Menta Capital LLC bought a new stake in shares of Glu Mobile during the first quarter worth about $3,359,000. Princeton Portfolio Strategies Group LLC bought a new stake in shares of Glu Mobile during the first quarter worth about $153,000. Finally, Bank of Montreal Can bought a new stake in shares of Glu Mobile during the first quarter worth about $171,000. Institutional investors own 29.99% of the company’s stock.

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Glu Mobile (NASDAQ GLUU) traded up 1.89% on Friday, hitting $2.70. 3,153,747 shares of the stock traded hands. Glu Mobile has a 52-week low of $1.73 and a 52-week high of $2.95. The stock’s market cap is $363.80 million. The company’s 50 day moving average price is $2.59 and its 200-day moving average price is $2.29.

Glu Mobile (NASDAQ:GLUU) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.08. The firm had revenue of $56.80 million for the quarter, compared to the consensus estimate of $53.59 million. Glu Mobile had a negative net margin of 50.11% and a negative return on equity of 36.94%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) earnings per share. On average, analysts forecast that Glu Mobile will post ($0.18) earnings per share for the current fiscal year.

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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