Glu Mobile (GLUU) Receives a Hold from Roth Capital

In a report released yesterday, Darren Aftahi from Roth Capital maintained a Hold rating on Glu Mobile (GLUU), with a price target of $9.25. The company’s shares closed yesterday at $7.44.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 16.2% and a 51.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Glu Mobile with a $11.34 average price target.

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Based on Glu Mobile’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $663K. In comparison, last year the company had a GAAP net loss of $4.42 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative 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.