Roth Capital set a $4.00 price target on Glu Mobile Inc. (NASDAQ:GLUU) in a research note issued to investors on Friday morning. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on GLUU. Zacks Investment Research cut Glu Mobile from a hold rating to a sell rating in a research note on Tuesday, July 4th. Stifel Nicolaus reiterated a buy rating and issued a $2.80 price target on shares of Glu Mobile in a research note on Monday, July 10th. BidaskClub upgraded Glu Mobile from a buy rating to a strong-buy rating in a research note on Monday, July 24th. Cowen and Company reiterated an outperform rating and issued a $3.00 price target on shares of Glu Mobile in a research note on Thursday, May 4th. Finally, Mizuho increased their price target on Glu Mobile from $2.40 to $2.80 and gave the company a neutral rating in a research note on Thursday, May 4th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Glu Mobile currently has a consensus rating of Buy and an average target price of $2.89.

Glu Mobile (NASDAQ:GLUU) traded up 0.73% during midday trading on Friday, hitting $2.75. The stock had a trading volume of 1,411,215 shares. The stock’s market cap is $370.54 million. Glu Mobile has a 1-year low of $1.73 and a 1-year high of $2.88. The company has a 50-day moving average of $2.59 and a 200-day moving average of $2.38.

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

TRADEMARK VIOLATION NOTICE: “Glu Mobile Inc. (NASDAQ:GLUU) Given a $4.00 Price Target at Roth Capital” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/glu-mobile-inc-nasdaqgluu-given-a-4-00-price-target-at-roth-capital/1465797.html.

In related news, insider Masi Niccolo De sold 339,648 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $2.59, for a total value of $879,688.32. Following the completion of the sale, the insider now directly owns 537,228 shares in the company, valued at $1,391,420.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of GLUU. Goldman Sachs Group Inc. increased its stake in Glu Mobile by 125.4% in the first quarter. Goldman Sachs Group Inc. now owns 47,691 shares of the company’s stock worth $108,000 after buying an additional 26,535 shares during the last quarter. Creative Planning increased its stake in 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 during the last quarter. Emerald Advisers Inc. PA bought a new stake in Glu Mobile during the second quarter worth $141,000. American International Group Inc. increased its stake in Glu Mobile by 7.1% in the first quarter. American International Group Inc. now owns 63,380 shares of the company’s stock worth $144,000 after buying an additional 4,196 shares during the last quarter. Finally, Princeton Portfolio Strategies Group LLC bought a new stake in Glu Mobile during the first quarter worth $153,000. Institutional investors and hedge funds own 30.06% of the company’s stock.

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.

Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

Receive News & Ratings for Glu Mobile Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glu Mobile Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.