Analyst Rating Update on Glu Mobile (GLUU)

Glu Mobile (GLUU) : 6 brokerage houses believe that Glu Mobile (GLUU) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Glu Mobile (GLUU). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.

Glu Mobile (GLUU) : The consensus price target for Glu Mobile (GLUU) is $3.23 for the short term with a standard deviation of $0.59. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $2.

For the current week, the company shares have a recommendation consensus of Buy. Also, Roth Capital downgrades its rating on Glu Mobile (NASDAQ:GLUU). The global brokerage major lowers the current price target from $4.15 per share to $2.5 per share. Analysts at the Roth Capital have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 4, 2016.


Glu Mobile (NASDAQ:GLUU): The stock opened at $2.15 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.24 for the day. The stock traded down to $2.05 during the day, due to lack of any buying support eventually closed down at $2.23 with a loss of -2.62% for the day. The stock had closed at $2.29 on the previous day. The total traded volume was 3,497,605 shares.

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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