Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Glu Mobile (GLUU) Share Price
Media coverage about Glu Mobile (NASDAQ:GLUU) has been trending somewhat positive on Tuesday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Glu Mobile earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 44.8081014659062 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s rankings:
- Glu Mobile Inc. (GLUU) Expected to Post Quarterly Sales of $77.88 Million (americanbankingnews.com)
- Heading Towards a Potential Reversal? Celgene Corporation (CELG), Glu Mobile Inc. (GLUU) – Market Movers (financialqz.com)
- Average True Range Indicator can help out on Glu Mobile Inc. (GLUU) – Wall Street Morning (wallstreetmorning.com)
- Technical note to watch on Glu Mobile Inc. (GLUU) – – Wall Street Morning (wallstreetmorning.com)
- Reasons your investment Going on right way: Glu Mobile Inc. (NASDAQ:GLUU) – Market Breaking Point (press release) (journalfinance.net)
Glu Mobile (GLUU) remained flat at $$4.31 on Tuesday. 3,176,300 shares of the company traded hands, compared to its average volume of 4,579,694. Glu Mobile has a twelve month low of $1.85 and a twelve month high of $4.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09.
Glu Mobile (NASDAQ:GLUU) last posted its quarterly earnings data on Wednesday, November 1st. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Glu Mobile had a negative net margin of 29.74% and a negative return on equity of 35.19%. The business had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.67 million. During the same period in the prior year, the company posted ($0.33) earnings per share. The firm’s revenue was up 57.8% compared to the same quarter last year. sell-side analysts anticipate that Glu Mobile will post -0.18 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the company. Roth Capital set a $4.00 target price on Glu Mobile and gave the stock a “buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Glu Mobile in a research report on Thursday, September 7th. ValuEngine raised Glu Mobile from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Cowen reaffirmed an “outperform” rating and set a $3.50 target price (up previously from $3.00) on shares of Glu Mobile in a research report on Wednesday, August 2nd. Finally, Wedbush reaffirmed a “hold” rating on shares of Glu Mobile in a research report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $3.97.
In related news, COO Eric R. Ludwig sold 33,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $3.90, for a total value of $128,700.00. Following the completion of the transaction, the chief operating officer now directly owns 72,000 shares in the company, valued at $280,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hany Nada sold 766,456 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $4.51, for a total value of $3,456,716.56. The disclosure for this sale can be found here. Insiders sold 1,196,422 shares of company stock valued at $5,055,591 over the last three months. 5.60% of the stock is owned by company insiders.
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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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