Glu Mobile Inc. (NASDAQ:GLUU) SVP Chris Akhavan sold 379,932 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $6.86, for a total value of $2,606,333.52. Following the transaction, the senior vice president now directly owns 120,530 shares in the company, valued at $826,835.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Glu Mobile stock opened at $7.22 on Friday. Glu Mobile Inc. has a 1-year low of $4.11 and a 1-year high of $11.75. The company’s fifty day simple moving average is $6.31 and its 200-day simple moving average is $5.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 1.32. The stock has a market capitalization of $1.05 billion, a PE ratio of 120.35, a P/E/G ratio of 4.13 and a beta of 1.11.
Glu Mobile (NASDAQ:GLUU) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Glu Mobile had a return on equity of 5.63% and a net margin of 2.16%. The firm had revenue of $108.40 million during the quarter, compared to analyst estimates of $103.64 million. During the same period in the prior year, the business posted ($0.01) EPS. Glu Mobile’s revenue was up 10.4% on a year-over-year basis. As a group, research analysts anticipate that Glu Mobile Inc. will post 0.11 EPS for the current year.
A number of equities analysts have recently issued reports on GLUU shares. SunTrust Banks assumed coverage on Glu Mobile in a research note on Monday, January 6th. They issued a “buy” rating and a $7.50 price target on the stock. Stephens cut Glu Mobile from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 8th. BidaskClub raised Glu Mobile from a “sell” rating to a “hold” rating in a report on Thursday, January 16th. Wedbush reissued a “buy” rating and issued a $7.50 target price on shares of Glu Mobile in a report on Thursday, February 6th. Finally, Morgan Stanley reissued a “buy” rating and issued a $8.00 target price on shares of Glu Mobile in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $7.58.
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 décor, 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.
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