Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced the company has partnered with award-winning chef Gordon Ramsay on the development of a new mobile game. As Glu’s first celebrity chef partnership, the exclusive agreement covers Ramsay’s name, image, likeness, voice, and creative direction. The new title will deliver an innovative experience for Ramsay’s 10.5 million* global social followers, and foodies worldwide.
“I’m thrilled to welcome undoubtedly the most recognizable and accomplished figure in the culinary world to Glu’s family of celebrity partners,” said Niccolo de Masi, Glu Chairman and CEO. “We believe that the combination of Gordon’s global fan base and Glu’s leadership in the time-management genre with titles like Cooking Dash and Diner Dash make this partnership a recipe for success.” (Original Source)
Shares of Glu Mobile closed last Friday at $2.18. GLUU has a 1-year high of $7.03 and a 1-year low of $2.04. The stock’s 50-day moving average is $2.66 and its 200-day moving average is $4.11.
On the ratings front, Glu Mobile has been the subject of a number of recent research reports. In a report issued on December 28, Craig-Hallum analyst Mitchell Bartlett maintained a Buy rating on GLUU, with a price target of $4, which implies an upside of 83.5% from current levels. Separately, on the same day, Cowen’s Doug Creutz reiterated a Buy rating on the stock and has a price target of $5.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Mitchell Bartlett and Doug Creutz have a total average return of -10% and 10% respectively. Bartlett has a success rate of 36.4% and is ranked #2896 out of 3582 analysts, while Creutz has a success rate of 46.9% and is ranked #524.
The street is mostly Neutral on GLUU stock. Out of 7 analysts who cover the stock, 4 suggest a Hold rating and 3 recommend to Buy the stock. The 12-month average price target assigned to the stock is $4.23, which implies an upside of 94.0% from current levels.
Glu Mobile Inc develops, publishes & markets games designed to appeal to users of smartphones & tablet devices. Its gaming brands include Blood & Glory, Contract Killer, Deer Hunter, Eternity Warriors, Frontline Commando, Gun Bros, & Heroes of Destiny.