Glu Mobile Inc. (GLUU) Underpriced by 16.9%

Roth Capital reissued a "neutral" rating and set a $2.50 target price on shares of Glu Mobile in a research report on Thursday, July 28th. The average analysts gave this company a mean recommendation of 2.20. Canaccord Genuity reissued a "hold" rating and set a $3.00 target price on shares of Glu Mobile in a research report on Tuesday. Of the analysts who provided ratings, 2 rated the company a Hold, and 3 rated it a Strong Buy. The stock's 50 day moving average price is $2.11 and its 200 day moving average price is $2.32. Zacks Investment Research downgraded shares of Glu Mobile from a "hold" rating to a "sell" rating in a research report on Tuesday. The shares were sold at an average price of $3.43, for a total value of $85,750.00. The stock was sold at an average price of $2.32, for a total transaction of $60,596.08. The disclosure for this sale can be found here. In the past 52 weeks the company's stock price has moved within the range of $1.83 to $4.73. Insiders own 4.80% of the company's stock.

Large investors have recently modified their holdings of the stock. Alliancebernstein L.P. increased its position in shares of Glu Mobile by 11.6% in the second quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Alliancebernstein L.P. increased its position in shares of Glu Mobile by 114.1% in the second quarter.

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The Details: Glu Mobile Inc. Vanguard Group Inc. now owns 4,667,543 shares of the company's stock valued at $10,595,000 after acquiring an additional 344,727 shares during the period. The company's institutional ownership is monitored at 48.3 percent.

Let's have a look at some of the important valuation ratios of the Glu Mobile Inc. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09.

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Glu Mobile Inc. (NASDAQ:GLUU), maintained return on investment for the last twelve months at -32.58, higher than what Reuters data shows regarding industry's average. The average estimate of Wall Street analysts had projected -0.03. The business had revenue of $81.10 million during the quarter, compared to analysts' expectations of $80.67 million. GLUU now has a profit margin of -29.70%. In contrast to the year ago quarter EPS was at 0. The analysts estimated EPS for the higher end at -0.02 and lower end at -0.05 while the year ago reported earnings per share was -0.01.

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In other news, CFO Eric R. Ludwig sold 26,119 shares of Glu Mobile stock in a transaction dated Monday, August 29th. The Company develops and publishes a portfolio of mobile games created to appeal to a cross section of the users of smartphones and tablet devices.

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