Glu Mobile (GLUU) Getting Somewhat Favorable Media Coverage, Report Shows

Media headlines about Glu Mobile (NASDAQ:GLUU) have trended somewhat positive recently, according to AlphaOne Sentiment. The research group, a service of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Glu Mobile earned a news sentiment score of 0.03 on AlphaOne’s scale. AlphaOne also assigned news articles about the company an impact score of 47 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media stories that may have impacted AlphaOne Sentiment’s scoring:

Insider Buying and Selling by Quarter for Glu Mobile (NASDAQ:GLUU)

Several equities analysts recently weighed in on GLUU shares. Zacks Investment Research raised shares of Glu Mobile from a “sell” rating to a “hold” rating in a research note on Friday, March 17th. Cowen and Company reissued an “outperform” rating and issued a $3.00 price objective on shares of Glu Mobile in a research note on Thursday, May 4th. Mizuho lifted their price objective on shares of Glu Mobile from $2.40 to $2.80 and gave the stock a “neutral” rating in a research note on Thursday, May 4th. Finally, Roth Capital set a $4.00 price objective on shares of Glu Mobile and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Glu Mobile has a consensus rating of “Hold” and an average target price of $2.84.

Glu Mobile (GLUU) traded up 0.82% during trading on Friday, hitting $2.47. 5,542,998 shares of the company were exchanged. Glu Mobile has a 12 month low of $1.73 and a 12 month high of $2.95. The stock’s 50-day moving average is $2.57 and its 200-day moving average is $2.28. The company’s market capitalization is $332.81 million.

Glu Mobile (NASDAQ:GLUU) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.08. Glu Mobile had a negative net margin of 50.11% and a negative return on equity of 36.94%. The firm had revenue of $56.80 million during the quarter, compared to analysts’ expectations of $53.59 million. During the same period in the prior year, the company posted ($0.03) EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Glu Mobile will post ($0.18) earnings per share for the current year.

In related news, insider Masi Niccolo De sold 339,648 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $2.59, for a total value of $879,688.32. Following the completion of the sale, the insider now owns 537,228 shares of the company’s stock, valued at $1,391,420.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Glu Mobile (GLUU) Getting Somewhat Favorable Media Coverage, Report Shows” was first posted by WKRB News and is the property of of WKRB News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.wkrb13.com/markets/2229277/glu-mobile-gluu-getting-somewhat-favorable-media-coverage-report-shows.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.

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229277/glu-mobile-gluu-getting-somewhat-favorable-media-coverage-report-shows.html

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

 


Leave a Reply

 
© 2006-2017 WKRB News.