Economy

Glu Mobile Inc. (GLUU) Stock Rating Reaffirmed by Stifel Nicolaus

OK raised its holdings in Glu Mobile by 43.3% in the second quarter. Capital Advisors Inc. OK now owns 65,900 shares of the company's stock worth $165,000 after purchasing an additional 19,900 shares in the last quarter. Goldman Sachs Group Inc. now owns 47,691 shares of the company's stock worth $108,000 after purchasing an additional 26,535 shares in the last quarter. Pacad Investment Ltd. raised its stake in Glu Mobile by 86.0% in the first quarter. Voya Investment Management LLC now owns 56,969 shares of the company's stock worth $142,000 after purchasing an additional 9,186 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Glu Mobile by 1.5% in the first quarter. Metropolitan Life Insurance Co. Its book value per share for the most recent quarter is $1.43 while its price to book ratio for the same period is 2.72, as for as the company's cash per share for the most recent quarter is $0.52, however its price to cash per share ratio for the same period is 7.42. Institutional investors and hedge funds own 35.08% of the company's stock.

Shares of Glu Mobile Inc. (NASDAQ:GLUU) traded down 0.46% during trading on Monday, reaching $2.18. At one point in the past year, the shares traded as low as $11.87 but has recovered 29.57% since then. The stock's market cap is $289.93 million.

Glu Mobile Inc (NASDAQ:GLUU) 52-week high price stands at $4.73 and low price stands at $1.73, its price distance from 52-week high is -17.76% while its distance from 52-week low price is 124.86%. The stock's 50 day moving average price is $2.26 and its 200-day moving average price is $2.43. The company reported ($0.03) EPS for the quarter, topping the Zacks' consensus estimate of ($0.05) by $0.02.

The company's earnings call yesterday showed that key titles like Design Home and MLB Tap Sports Baseball '17 increased revenue from bookings up to $85.7 million in total and $81.1 million in actual revenue, which is higher than expected.

Checking in on some valuation rankings, Glu Mobile Inc.

The FCF Yield 5yr Average is calculated by taking the five year average free cash flow of a company, and dividing it by the current enterprise value. There were also no new product launches during the last quarter and the company is still up 67 per cent year-on-year.

GLUU has been the subject of several recent research reports. Wall Street experts also assign a $4.17 price target on Glu Mobile Inc., pointing towards a 7.2% rally from current levels. Wedbush reduced their price objective on shares of Glu Mobile from $2.65 to $2.45 and set a "neutral" rating for the company in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company now has an average rating of "Buy" and an average target price of $3.66. At the close of regular trading, its last week's stock price volatility was 2.13% which for the month reaches 4.23%. Following the completion of the transaction, the chief operating officer now directly owns 68,250 shares in the company, valued at $212,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

In other Glu Mobile news, COO Eric R. Ludwig sold 49,000 shares of the business's stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $3.12, for a total value of $152,880.00. The disclosure for this sale can be found here.

In terms of Buy, Sell or Hold recommendations, Glu Mobile Inc (NASDAQ:GLUU) has analysts' mean recommendation of 2.2. The Company's games appeal to a cross section of the users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts.



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