Analyst Rating Update on Glu Mobile (GLUU)

Glu Mobile (NASDAQ:GLUU) : Zacks Investment Research ranks Glu Mobile (NASDAQ:GLUU) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.5, which indicates as a Strong Buy.

Glu Mobile (NASDAQ:GLUU) : The most positive equity analysts on Glu Mobile (NASDAQ:GLUU) expects the shares to touch $4, whereas, the least positive believes that the stock will trade at $3 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $3.32 with an expected fluctuation of $0.61 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Roth Capital downgrades its view on Glu Mobile (NASDAQ:GLUU) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Roth Capital lowers the price target from $4.15 per share to $2.5 per share on Glu Mobile . The rating by the firm was issued on May 4, 2016.

Glu Mobile (NASDAQ:GLUU): On Tuesdays trading session , Opening price of the stock was $2.21 with an intraday high of $2.2418. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.09. However, the stock managed to close at $2.11, a loss of 3.21% for the day. On the previous day, the stock had closed at $2.18. The total traded volume of the day was 2,495,277 shares.

In an insider trading activity, The director, of Glu Mobile Inc, Mather Ann had unloaded 25,000 shares at $2.36 per share in a transaction on June 2, 2016. The total value of transaction was $59,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Glu Mobile Inc. develops, publishes and markets a portfolio of games. The Company offers games to a cross section of users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store and Amazon Appstore, among others. The Company creates games based on its own brands, including Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros and Heroes of Destiny. The Company also creates games based on third-party licensed brands, including Kim Kardashian: Hollywood, Robocop: The Official Game, and Hercules: The Official Game, as well as its own branded games that incorporate third-party licensed brands, properties and other content, such as Racing Rivals and Tap Sports: Baseball. It released around 16 free-to-play games. It has around eight global studios that create and develop its games.

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