Glu Mobile Inc. (NASDAQ:GLUU) CRO Chris Akhavan sold 39,903 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $8.09, for a total transaction of $322,815.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ:GLUU traded down $0.08 during trading hours on Friday, hitting $8.07. The stock had a trading volume of 2,845,046 shares, compared to its average volume of 3,956,826. Glu Mobile Inc. has a 1-year low of $3.02 and a 1-year high of $8.42. The firm has a market capitalization of $1.15 billion, a P/E ratio of -15.82, a PEG ratio of 6.75 and a beta of 1.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03.
Glu Mobile (NASDAQ:GLUU) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Glu Mobile had a negative net margin of 14.65% and a negative return on equity of 19.63%. The company had revenue of $99.30 million for the quarter, compared to analyst estimates of $96.14 million. During the same quarter last year, the business earned ($0.09) earnings per share. Glu Mobile’s revenue was up 22.4% compared to the same quarter last year. Analysts predict that Glu Mobile Inc. will post 0.09 EPS for the current year.
A number of brokerages have issued reports on GLUU. BidaskClub raised shares of Glu Mobile from a “hold” rating to a “buy” rating in a report on Saturday. Wedbush restated a “hold” rating and issued a $7.00 price target on shares of Glu Mobile in a research note on Wednesday. Roth Capital lowered shares of Glu Mobile from a “buy” rating to a “neutral” rating in a research note on Monday, October 8th. Zacks Investment Research upgraded shares of Glu Mobile from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Tuesday, August 7th. Finally, Stifel Nicolaus raised their price target on shares of Glu Mobile from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $7.05.
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Glu Mobile Company Profile
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 in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, and QuizUp.
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