Glu Mobile Inc. (NASDAQ:GLUU)’s share price hit a new 52-week high on Thursday . The company traded as high as $4.77 and last traded at $4.64, with a volume of 2898300 shares traded. The stock had previously closed at $4.56.

A number of equities analysts have recently weighed in on GLUU shares. Zacks Investment Research raised Glu Mobile from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research report on Wednesday, September 6th. ValuEngine lowered Glu Mobile from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $4.50 target price (up from $3.30) on shares of Glu Mobile in a research report on Tuesday, October 31st. Canaccord Genuity reaffirmed a “hold” rating and set a $3.00 target price on shares of Glu Mobile in a research report on Monday, October 30th. Finally, BidaskClub raised Glu Mobile from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Glu Mobile currently has an average rating of “Hold” and a consensus price target of $3.97.

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 (NASDAQ:GLUU) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $80.67 million. Glu Mobile had a negative net margin of 29.74% and a negative return on equity of 35.19%. The company’s quarterly revenue was up 57.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) earnings per share. analysts anticipate that Glu Mobile Inc. will post -0.18 earnings per share for the current fiscal year.

In other Glu Mobile news, Director Hany Nada sold 766,456 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $4.51, for a total value of $3,456,716.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Masi Niccolo De sold 131,966 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $3.70, for a total value of $488,274.20. Following the completion of the transaction, the insider now owns 512,859 shares of the company’s stock, valued at approximately $1,897,578.30. The disclosure for this sale can be found here. Insiders sold a total of 1,196,422 shares of company stock valued at $5,055,591 over the last three months. 5.60% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Glu Mobile by 8.0% in the 1st quarter. Vanguard Group Inc. now owns 4,667,543 shares of the company’s stock valued at $10,595,000 after purchasing an additional 344,727 shares during the period. Northern Right Capital Management L.P. grew its stake in shares of Glu Mobile by 109.9% during the 2nd quarter. Northern Right Capital Management L.P. now owns 2,759,786 shares of the company’s stock worth $6,899,000 after acquiring an additional 1,444,816 shares during the period. State Street Corp grew its stake in shares of 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 acquiring an additional 120,550 shares during the period. Northern Trust Corp grew its stake in shares of 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 acquiring an additional 20,300 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Glu Mobile by 192.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,098,454 shares of the company’s stock worth $4,130,000 after acquiring an additional 722,564 shares during the period. Hedge funds and other institutional investors own 35.66% of the company’s stock.

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Glu Mobile Company Profile

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.

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