Roth Capital Upgrades Glu Mobile to Buy

Brokerage firm Roth Capital Upgrades its rating on Glu Mobile(GLUU). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Roth Capital was issued on Feb 6, 2017.

In a different note, Mizuho said it Initiates Coverage On Glu Mobile, according to a research note issued on Dec 23, 2016. In the research note, the firm Announces the price-target to $2.3 per share. The shares have been rated ‘Neutral’ by the firm.

Glu Mobile (GLUU) made into the market gainers list on Tuesdays trading session with the shares advancing 2.82% or 0.07 points. Due to strong positive momentum, the stock ended at $2.55, which is also near the day’s high of $2.58. The stock began the session at $2.48 and the volume stood at 35,46,049 shares. The 52-week high of the shares is $4 and the 52 week low is $1.73. The company has a current market capitalization of $340 M and it has 13,34,63,532 shares in outstanding.

Glu Mobile(GLUU) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $48.36M. Analysts had an estimated revenue of $47.25M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.05.

Several Insider Transactions has been reported to the SEC. On Nov 21, 2016, Masi Niccolo De (Executive Chairman) purchased 20,000 shares at $2.07 per share price.Also, On Nov 21, 2016, Nicholas Earl (CEO) purchased 100,000 shares at $2.09 per share price.On Aug 31, 2016, Eric R Ludwig (EVP, COO and CFO) sold 26,119 shares at $2.32 per share price, according to the Form-4 filing with the securities and exchange commission.

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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