Stifel Nicolaus restated their buy rating on shares of Glu Mobile (NASDAQ:GLUU) in a research note issued to investors on Friday morning. The firm currently has a $4.75 price target on the stock.

A number of other research firms also recently issued reports on GLUU. ValuEngine upgraded shares of Glu Mobile from a sell rating to a hold rating in a research report on Monday, December 11th. Wedbush set a $5.00 target price on shares of Glu Mobile and gave the stock a hold rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Glu Mobile from a buy rating to a hold rating in a research report on Tuesday, December 12th. BidaskClub upgraded shares of Glu Mobile from a hold rating to a buy rating in a research report on Thursday, December 7th. Finally, Canaccord Genuity reiterated a hold rating and issued a $3.00 target price on shares of Glu Mobile in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Glu Mobile currently has a consensus rating of Hold and an average price target of $4.01.

Shares of Glu Mobile (NASDAQ GLUU) opened at $3.25 on Friday. Glu Mobile has a 12-month low of $1.85 and a 12-month high of $4.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09.

In other news, COO Eric R. Ludwig sold 33,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $3.90, for a total transaction of $128,700.00. Following the transaction, the chief operating officer now owns 72,000 shares in the company, valued at approximately $280,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of Glu Mobile by 15.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 54,822 shares of the company’s stock valued at $137,000 after purchasing an additional 7,131 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Glu Mobile during the 4th quarter valued at $139,000. Voya Investment Management LLC raised its holdings in shares of Glu Mobile by 19.2% during the 2nd quarter. Voya Investment Management LLC now owns 56,969 shares of the company’s stock valued at $142,000 after purchasing an additional 9,186 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Glu Mobile by 4.0% during the 2nd quarter. Prudential Financial Inc. now owns 119,504 shares of the company’s stock valued at $299,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Glu Mobile during the 4th quarter valued at $363,000. Institutional investors and hedge funds own 35.63% of the company’s stock.

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About Glu Mobile

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)

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