.jpg "Glu Mobile (NASDAQ: GLUU)")
In a report released today, Michael Pachter from Wedbush maintained a Hold rating on Glu Mobile (GLUU), with a price target of $7. The company’s shares closed yesterday at $6.94.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -1.3% and a 48.1% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Best Buy Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Glu Mobile with a $7.50 average price target, implying an 8.1% upside from current levels. In a report issued on October 30, Roth Capital also reiterated a Hold rating on the stock with a $7.50 price target.
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The company has a one-year high of $7.80 and a one-year low of $3.02. Currently, Glu Mobile has an average volume of 2.54M.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is neutral on the stock.
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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.
