Glu Mobile (GLUU) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Glu Mobile (NASDAQ:GLUU) from a strong sell rating to a hold rating in a research note released on Thursday.

According to Zacks, “GLU MOBILE INC., is a leading global publisher of mobile games. Its portfolio of top-rated games includes original titles Super K.O. Boxing!, Stranded and Brain Genius, and titles based on major brands from partners including Atari, Activision, Konami, Harrah’s, Hasbro, Warner Bros., Microsoft, PlayFirst, PopCap Games, SEGA and Sony. Glu is based in San Mateo, Calif. and has offices in London, France, Germany, Spain, Italy, Sweden, Poland, Russia, Hong Kong, China, Brazil, Chile, Canada and San Clemente, Calif. “

Several other brokerages have also commented on GLUU. ValuEngine lowered shares of Glu Mobile from a hold rating to a sell rating in a report on Tuesday, December 19th. BidaskClub lowered shares of Glu Mobile from a buy rating to a hold rating in a report on Tuesday, December 19th. Stifel Nicolaus reissued a buy rating and issued a $4.75 price target on shares of Glu Mobile in a report on Friday, February 9th. Wedbush set a $5.00 price target on shares of Glu Mobile and gave the stock a hold rating in a report on Friday, February 9th. Finally, Canaccord Genuity reissued a hold rating and issued a $3.00 price target on shares of Glu Mobile in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $4.01.

Shares of Glu Mobile (GLUU) opened at $3.84 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. Glu Mobile has a 1-year low of $1.85 and a 1-year high of $4.95.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in Glu Mobile by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,143,700 shares of the company’s stock worth $7,803,000 after purchasing an additional 75,600 shares during the last quarter. State Street Corp boosted its stake in Glu Mobile by 6.7% during the 2nd quarter. State Street Corp now owns 1,914,877 shares of the company’s stock worth $4,791,000 after purchasing an additional 120,550 shares during the last quarter. Ariel Investments LLC boosted its stake in Glu Mobile by 0.7% during the 4th quarter. Ariel Investments LLC now owns 1,793,088 shares of the company’s stock worth $6,527,000 after purchasing an additional 13,300 shares during the last quarter. Castleark Management LLC boosted its stake in Glu Mobile by 38.6% during the 4th quarter. Castleark Management LLC now owns 1,655,077 shares of the company’s stock worth $6,024,000 after purchasing an additional 460,590 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Glu Mobile by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,142,605 shares of the company’s stock worth $2,857,000 after purchasing an additional 20,300 shares during the last quarter. 38.09% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.thelincolnianonline.com/2018/02/19/glu-mobile-gluu-upgraded-by-zacks-investment-research-to-hold.html.

About Glu Mobile

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.

Get a free copy of the Zacks research report on Glu Mobile (GLUU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

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Glu Mobile (GLUU) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Glu Mobile (NASDAQ:GLUU) from a strong sell rating to a hold rating in a research note released on Thursday morning.

According to Zacks, “GLU MOBILE INC., is a leading global publisher of mobile games. Its portfolio of top-rated games includes original titles Super K.O. Boxing!, Stranded and Brain Genius, and titles based on major brands from partners including Atari, Activision, Konami, Harrah’s, Hasbro, Warner Bros., Microsoft, PlayFirst, PopCap Games, SEGA and Sony. Glu is based in San Mateo, Calif. and has offices in London, France, Germany, Spain, Italy, Sweden, Poland, Russia, Hong Kong, China, Brazil, Chile, Canada and San Clemente, Calif. “

Several other brokerages have also recently weighed in on GLUU. ValuEngine raised shares of Glu Mobile from a sell rating to a hold rating in a research report on Monday, December 11th. Wedbush set a $5.00 price target on shares of Glu Mobile and gave the company a hold rating in a research report on Wednesday, October 18th. BidaskClub raised shares of Glu Mobile from a hold rating to a buy rating in a research report on Thursday, December 7th. Stifel Nicolaus reissued a buy rating and set a $4.50 price target (up previously from $3.30) on shares of Glu Mobile in a research report on Tuesday, October 31st. Finally, Canaccord Genuity reissued a hold rating and set a $3.00 price target on shares of Glu Mobile in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Glu Mobile presently has an average rating of Hold and an average target price of $4.01.

Glu Mobile (GLUU) opened at $3.84 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. Glu Mobile has a 1 year low of $1.85 and a 1 year high of $4.95.

Several hedge funds have recently made changes to their positions in GLUU. JPMorgan Chase & Co. lifted its position in Glu Mobile by 4,428.2% in the third quarter. JPMorgan Chase & Co. now owns 243,709 shares of the company’s stock valued at $899,000 after buying an additional 238,327 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Glu Mobile by 371.2% in the third quarter. Ameriprise Financial Inc. now owns 696,400 shares of the company’s stock valued at $2,618,000 after buying an additional 548,600 shares during the last quarter. State Street Corp lifted its position in Glu Mobile by 6.7% in the second quarter. State Street Corp now owns 1,914,877 shares of the company’s stock valued at $4,791,000 after buying an additional 120,550 shares during the last quarter. Alliancebernstein L.P. lifted its position in 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 buying an additional 101,800 shares during the last quarter. Finally, EAM Investors LLC acquired a new position in Glu Mobile in the third quarter valued at about $2,327,000. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This news story was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this news story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.thelincolnianonline.com/2018/02/19/glu-mobile-gluu-upgraded-by-zacks-investment-research-to-hold.html.

About Glu Mobile

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.

Get a free copy of the Zacks research report on Glu Mobile (GLUU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

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