Glu Mobile (NASDAQ:GLUU) Stock Rating Upgraded by ValuEngine
GLUU has been the subject of several other research reports. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $435.00 price target on shares of Regeneron Pharmaceuticals in a report on Tuesday, May 7th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Stephens set a $12.00 price target on Glu Mobile and gave the company a “buy” rating in a report on Thursday, June 6th. Wedbush set a $17.00 price target on Zumiez and gave the company a “sell” rating in a report on Friday, June 7th. Finally, BidaskClub cut Xperi from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $9.92.
Glu Mobile stock opened at $7.30 on Tuesday. The firm has a 50 day moving average price of $7.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $1.08 billion, a PE ratio of -91.25, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80. Glu Mobile has a 12 month low of $5.08 and a 12 month high of $11.75.
In other news, Director Greg Brandeau sold 4,166 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $7.10, for a total value of $29,578.60. Following the completion of the transaction, the director now directly owns 41,664 shares of the company’s stock, valued at approximately $295,814.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Holdings Ltd Tencent sold 7,259,728 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $7.75, for a total value of $56,262,892.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,358,778 shares of company stock valued at $57,297,920. Insiders own 6.84% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of GLUU. JPMorgan Chase & Co. raised its holdings in shares of Glu Mobile by 31.4% in the 1st quarter. JPMorgan Chase & Co. now owns 4,292,458 shares of the company’s stock worth $46,960,000 after buying an additional 1,026,230 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Glu Mobile in the 1st quarter worth approximately $10,446,000. Highbridge Capital Management LLC acquired a new position in shares of Glu Mobile in the 4th quarter worth approximately $6,410,000. Millennium Management LLC raised its holdings in shares of Glu Mobile by 42.5% in the 4th quarter. Millennium Management LLC now owns 2,296,034 shares of the company’s stock worth $18,529,000 after buying an additional 684,258 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new position in shares of Glu Mobile in the 1st quarter worth approximately $4,992,000. 57.67% of the stock is owned by institutional investors and hedge funds.
Glu Mobile Company Profile
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 primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, Blood & Glory, Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, QuizUp, and Tap Sports.
See Also: Buy Rating
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