Glu Mobile Inc. (NASDAQ:GLUU) – Equities researchers at SunTrust Banks issued their Q2 2020 EPS estimates for Glu Mobile in a research report issued to clients and investors on Monday, February 10th. SunTrust Banks analyst M. Thornton expects that the company will earn ($0.01) per share for the quarter. SunTrust Banks has a “Buy” rating and a $7.50 price target on the stock. SunTrust Banks also issued estimates for Glu Mobile’s Q3 2020 earnings at $0.07 EPS.
Other analysts have also issued research reports about the company. Stephens lowered Glu Mobile from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 8th. KeyCorp initiated coverage on shares of Glu Mobile in a report on Tuesday, January 14th. They set an “overweight” rating and a $8.00 price target on the stock. Wedbush restated a “buy” rating and issued a $7.50 price target on shares of Glu Mobile in a research report on Thursday, February 6th. Piper Sandler raised their price objective on shares of Glu Mobile from $6.50 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, ValuEngine upgraded shares of Glu Mobile from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. Glu Mobile currently has a consensus rating of “Buy” and a consensus price target of $7.58.
Glu Mobile stock opened at $6.83 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.32 and a current ratio of 1.42. Glu Mobile has a one year low of $4.11 and a one year high of $11.75. The company has a 50-day simple moving average of $6.26 and a 200-day simple moving average of $5.64. The firm has a market capitalization of $1.00 billion, a P/E ratio of 113.85, a P/E/G ratio of 4.13 and a beta of 1.11.
Glu Mobile (NASDAQ:GLUU) last posted its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Glu Mobile had a return on equity of 5.63% and a net margin of 2.16%. The company had revenue of $108.40 million for the quarter, compared to analysts’ expectations of $103.64 million. During the same period last year, the business posted ($0.01) earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year.
In other Glu Mobile news, CFO Eric R. Ludwig sold 20,000 shares of Glu Mobile stock in a transaction on Friday, November 15th. The shares were sold at an average price of $5.75, for a total transaction of $115,000.00. Following the sale, the chief financial officer now owns 77,938 shares in the company, valued at $448,143.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric R. Ludwig sold 68,334 shares of Glu Mobile stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $6.51, for a total transaction of $444,854.34. Following the sale, the chief financial officer now owns 125,334 shares in the company, valued at approximately $815,924.34. The disclosure for this sale can be found here. Insiders have sold a total of 989,098 shares of company stock worth $6,993,846 in the last three months. 6.84% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GLUU. Globeflex Capital L P boosted its position in Glu Mobile by 0.6% in the fourth quarter. Globeflex Capital L P now owns 322,722 shares of the company’s stock valued at $1,952,000 after buying an additional 1,937 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Glu Mobile by 1.2% in the third quarter. California State Teachers Retirement System now owns 180,489 shares of the company’s stock valued at $901,000 after buying an additional 2,156 shares during the period. Prospera Financial Services Inc lifted its holdings in Glu Mobile by 8.8% in the third quarter. Prospera Financial Services Inc now owns 33,147 shares of the company’s stock valued at $165,000 after buying an additional 2,683 shares during the period. Brookstone Capital Management lifted its holdings in Glu Mobile by 20.3% in the fourth quarter. Brookstone Capital Management now owns 17,757 shares of the company’s stock valued at $107,000 after buying an additional 3,002 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Glu Mobile by 36.6% in the fourth quarter. Bank of Montreal Can now owns 16,405 shares of the company’s stock valued at $99,000 after buying an additional 4,397 shares during the period. Hedge funds and other institutional investors own 64.03% of the company’s stock.
About Glu Mobile
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.
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