BidaskClub upgraded shares of Glu Mobile (NASDAQ:GLUU) from a sell rating to a hold rating in a research note published on Saturday, BidAskClub reports.

A number of other equities analysts have also recently issued reports on the stock. Benchmark cut their target price on shares of Glu Mobile from $14.00 to $8.00 and set a buy rating on the stock in a report on Friday, August 2nd. Piper Jaffray Companies lowered their target price on Glu Mobile from $12.00 to $7.00 and set an overweight rating for the company in a report on Friday, August 2nd. Wedbush dropped their price target on Glu Mobile from $9.00 to $8.00 and set an outperform rating on the stock in a research report on Friday, August 2nd. Zacks Investment Research cut Glu Mobile from a buy rating to a hold rating in a research report on Tuesday, August 13th. Finally, Stephens set a $12.00 price target on Glu Mobile and gave the stock a buy rating in a report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $7.71.

GLUU stock opened at $5.11 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.34. Glu Mobile has a 1-year low of $4.11 and a 1-year high of $11.75. The firm has a fifty day moving average price of $5.19 and a two-hundred day moving average price of $8.07. The firm has a market cap of $688.58 million, a price-to-earnings ratio of -63.88, a PEG ratio of 2.97 and a beta of 1.05.

Glu Mobile (NASDAQ:GLUU) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. Glu Mobile had a net margin of 0.41% and a return on equity of 3.39%. The company had revenue of $101.90 million for the quarter, compared to the consensus estimate of $100.93 million. During the same period last year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts expect that Glu Mobile will post 0.11 EPS for the current fiscal year.

In other news, Director Greg Brandeau sold 4,166 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $7.10, for a total value of $29,578.60. Following the completion of the sale, the director now directly owns 41,664 shares of the company’s stock, valued at approximately $295,814.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott Leichtner sold 54,357 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $4.56, for a total transaction of $247,867.92. Following the completion of the transaction, the vice president now owns 252,669 shares of the company’s stock, valued at $1,152,170.64. The disclosure for this sale can be found here. 6.84% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Creative Planning raised its position in Glu Mobile by 14.8% in the second quarter. Creative Planning now owns 11,650 shares of the company’s stock worth $84,000 after acquiring an additional 1,500 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Glu Mobile by 4.1% in the 2nd quarter. Cetera Investment Advisers now owns 77,322 shares of the company’s stock worth $555,000 after purchasing an additional 3,072 shares during the last quarter. Cim LLC raised its holdings in shares of Glu Mobile by 21.4% in the 1st quarter. Cim LLC now owns 21,485 shares of the company’s stock worth $235,000 after purchasing an additional 3,785 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Glu Mobile by 20.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 22,588 shares of the company’s stock worth $171,000 after purchasing an additional 3,846 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Glu Mobile by 2.2% during the second quarter. Swiss National Bank now owns 213,300 shares of the company’s stock valued at $1,531,000 after purchasing an additional 4,500 shares during the last quarter. 65.86% of the stock is currently owned by hedge funds and other institutional investors.

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 d├ęcor, 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.

Recommended Story: What does a bar chart display?

Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

Receive News & Ratings for Glu Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glu Mobile and related companies with MarketBeat.com's FREE daily email newsletter.