Glu Mobile (NASDAQ:GLUU) Analyst Rating Consensus

Glu Mobile (NASDAQ:GLUU) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.5 by 8 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Roth Capital downgrades its ratings on Glu Mobile (NASDAQ:GLUU). In the latest research report, Roth Capital lowers the target price from $4.15 per share to $2.5 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 4, 2016.

Glu Mobile (NASDAQ:GLUU): The mean short term price target for Glu Mobile (NASDAQ:GLUU) has been established at $3.32 per share. The higher price target estimate is at $4 and the lower price target estimate is expected at $3 according to 8 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $0.61

Glu Mobile (NASDAQ:GLUU) witnessed a decline in the market cap on Tuesday as its shares dropped 2.52% or 0.06 points. After the session commenced at $2.42, the stock reached the higher end at $2.43 while it hit a low of $2.32. With the volume soaring to 902,768 shares, the last trade was called at $2.32. The company has a 52-week high of $6.69. The company has a market cap of $307 million and there are 132,309,543 shares in outstanding. The 52-week low of the share price is $1.98.

Shares of Glu Mobile, Inc. appreciated by 2.65% during the last five trading days but lost 6.45% on a 4-week basis. Glu Mobile, Inc. has dropped 24.68% during the last 3-month period . Year-to-Date the stock performance stands at -4.53%.

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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