Roth Capital set a $4.00 price target on Glu Mobile Inc. (NASDAQ:GLUU) in a research note released on Thursday. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on GLUU. Canaccord Genuity reiterated a hold rating and issued a $3.00 price objective on shares of Glu Mobile in a report on Thursday, August 10th. ValuEngine upgraded Glu Mobile from a sell rating to a hold rating in a report on Friday, August 18th. Wedbush reiterated a hold rating on shares of Glu Mobile in a report on Wednesday, August 2nd. Cowen and Company reiterated an outperform rating and issued a $3.50 price objective (up previously from $3.00) on shares of Glu Mobile in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a buy rating and issued a $3.30 price objective (up previously from $2.80) on shares of Glu Mobile in a report on Monday, July 31st. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $3.06.

Shares of Glu Mobile (NASDAQ GLUU) opened at 3.37 on Thursday. The company’s market capitalization is $456.35 million. The stock has a 50 day moving average price of $2.90 and a 200-day moving average price of $2.49. Glu Mobile has a 52 week low of $1.73 and a 52 week high of $3.48.

WARNING: “Roth Capital Analysts Give Glu Mobile Inc. (GLUU) a $4.00 Price Target” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/27/roth-capital-analysts-give-glu-mobile-inc-gluu-a-4-00-price-target.html.

In other news, insider Masi Niccolo De sold 339,648 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $2.59, for a total value of $879,688.32. Following the completion of the transaction, the insider now owns 537,228 shares of the company’s stock, valued at approximately $1,391,420.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Eric R. Ludwig sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $3.43, for a total value of $85,750.00. Following the completion of the transaction, the chief operating officer now directly owns 82,000 shares of the company’s stock, valued at approximately $281,260. The disclosure for this sale can be found here. Insiders sold a total of 413,648 shares of company stock valued at $1,118,318 in the last three months. Corporate insiders own 5.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Glu Mobile by 8.0% in the first quarter. Vanguard Group Inc. now owns 4,667,543 shares of the company’s stock worth $10,595,000 after buying an additional 344,727 shares during the period. Northern Right Capital Management L.P. raised its position in Glu Mobile by 109.9% in the second quarter. Northern Right Capital Management L.P. now owns 2,759,786 shares of the company’s stock worth $6,899,000 after buying an additional 1,444,816 shares during the period. State Street Corp raised 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 worth $4,791,000 after buying an additional 120,550 shares during the period. Menta Capital LLC bought a new position in Glu Mobile during the first quarter worth $3,359,000. Finally, Northern Trust Corp raised its position in Glu Mobile by 1.8% in the second quarter. Northern Trust Corp now owns 1,142,605 shares of the company’s stock worth $2,857,000 after buying an additional 20,300 shares during the period. 29.85% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Glu Mobile (NASDAQ:GLUU)

Receive News & Stock 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 stocks with our FREE daily email newsletter.