.jpg "Glu Mobile (NASDAQ: GLUU)")
In a report released yesterday, Darren Aftahi from Roth Capital maintained a Hold rating on Glu Mobile (GLUU), with a price target of $7.50. The company’s shares closed on Friday at $6.77.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 8.0% and a 48.5% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Glu Mobile has an analyst consensus of Moderate Buy, with a price target consensus of $7.70.
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Based on Glu Mobile’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $256K. In comparison, last year the company had a GAAP net loss of $11.67 million.
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Glu Mobile, Inc. designs, markets and sells mobile games. It specializes in free-to-play mobile games designed to a section of users who download and make purchases games through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store, Amazon Appstore and others.
