Glu Mobile Inc. (NASDAQ:GLUU) – Roth Capital dropped their Q1 2016 earnings per share estimates for shares of Glu Mobile in a note issued to investors on Tuesday, according to Zacks Investment Research. Roth Capital analyst D. Aftahi now forecasts that the firm will earn ($0.11) per share for the quarter, down from their previous estimate of ($0.10). Roth Capital has a “Buy” rating and a $5.00 price target on the stock. The consensus estimate for Glu Mobile’s Q1 2016 earnings is ($0.08) per share. Roth Capital also issued estimates for Glu Mobile’s Q2 2016 earnings at ($0.09) EPS, Q3 2016 earnings at ($0.05) EPS, FY2016 earnings at ($0.28) EPS and FY2017 earnings at ($0.05) EPS.

A number of other research analysts have also recently commented on GLUU. Wedbush reissued a “neutral” rating and set a $3.30 target price on shares of Glu Mobile in a research report on Wednesday. Craig Hallum reduced their target price on shares of Glu Mobile from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. Cowen and Company reduced their target price on shares of Glu Mobile from $8.00 to $5.00 in a research report on Friday, November 6th. Benchmark Co. cut shares of Glu Mobile from a “buy” rating to a “hold” rating and set a $3.69 target price on the stock. in a research report on Monday, November 9th. Finally, Canaccord Genuity cut shares of Glu Mobile from a “buy” rating to a “hold” rating and reduced their target price for the stock from $9.00 to $4.00 in a research report on Friday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $4.85.

Shares of Glu Mobile (NASDAQ:GLUU) opened at 2.20 on Thursday. The firm’s market cap is $288.77 million. The stock has a 50 day moving average of $2.46 and a 200 day moving average of $3.94. Glu Mobile has a 1-year low of $2.04 and a 1-year high of $7.03.

Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $64.40 million for the quarter, compared to analysts’ expectations of $59.33 million. During the same period in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was down 23.0% on a year-over-year basis.

Other hedge funds have added to or reduced their stakes in the company. MUFG Americas raised its stake in Glu Mobile by 11.7% in the third quarter. MUFG Americas now owns 2,490 shares of the company’s stock valued at $11,000 after buying an additional 260 shares during the last quarter. Quantitative Systematic Strategies acquired a new stake in Glu Mobile during the fourth quarter valued at $692,000. Finally, Fisher Asset Management raised its position in Glu Mobile by 13.6% in the fourth quarter. Fisher Asset Management now owns 413,527 shares of the company’s stock valued at $1,005,000 after buying an additional 49,457 shares in the last quarter.

In other Glu Mobile news, Director William J. Miller sold 25,000 shares of the business’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of $3.12, for a total transaction of $78,000.00. Following the completion of the sale, the director now owns 75,000 shares in the company, valued at $234,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Glu Mobile Inc. develops, publishes and markets a portfolio of games. The Company offers games to a cross section of users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store and Amazon Appstore, among others. The Company creates games based on its own brands, including Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros and Heroes of Destiny. The Company also creates games based on third-party licensed brands, including Kim Kardashian: Hollywood, Robocop: The Official Game, and Hercules: The Official Game, as well as its own branded games that incorporate third-party licensed brands, properties and other content, such as Racing Rivals and Tap Sports: Baseball. It released around 16 free-to-play games. It has around eight global studios that create and develop its games.

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