Glu Mobile (NASDAQ:GLUU) has been given a $5.00 target price by equities researchers at Wedbush in a report released on Friday. The brokerage currently has a “hold” rating on the stock. Wedbush’s price target points to a potential upside of 53.85% from the stock’s previous close.

Other equities analysts have also issued reports about the company. BidaskClub upgraded Glu Mobile from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research lowered Glu Mobile from a “hold” rating to a “strong sell” rating in a report on Thursday. ValuEngine upgraded Glu Mobile from a “sell” rating to a “hold” rating in a report on Monday, December 11th. Canaccord Genuity restated a “hold” rating and set a $3.00 target price on shares of Glu Mobile in a report on Monday, October 30th. Finally, Stifel Nicolaus restated a “buy” rating and set a $4.50 target price (up from $3.30) on shares of Glu Mobile in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Glu Mobile presently has a consensus rating of “Hold” and a consensus price target of $4.01.

Glu Mobile (GLUU) opened at $3.25 on Friday. Glu Mobile has a 1-year low of $1.85 and a 1-year high of $4.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $445.36, a PE ratio of -4.51 and a beta of 1.61.

In other Glu Mobile news, COO Eric R. Ludwig sold 33,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $3.90, for a total transaction of $128,700.00. Following the transaction, the chief operating officer now directly owns 72,000 shares in the company, valued at $280,800. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.60% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of GLUU. Prudential Financial Inc. grew its position in shares of Glu Mobile by 4.0% in the second quarter. Prudential Financial Inc. now owns 119,504 shares of the company’s stock valued at $299,000 after purchasing an additional 4,600 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Glu Mobile by 114.1% in the second quarter. Alliancebernstein L.P. now owns 191,000 shares of the company’s stock valued at $478,000 after purchasing an additional 101,800 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Glu Mobile in the second quarter valued at about $370,000. Northern Trust Corp grew its position in shares of Glu Mobile by 1.8% in the second quarter. Northern Trust Corp now owns 1,142,605 shares of the company’s stock valued at $2,857,000 after purchasing an additional 20,300 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Glu Mobile by 2.2% in the second quarter. California Public Employees Retirement System now owns 812,300 shares of the company’s stock valued at $2,031,000 after purchasing an additional 17,600 shares during the last quarter. 35.62% of the stock is currently owned by institutional investors.

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Glu Mobile Company Profile

Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.

Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

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