Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced that Greg Brandeau has joined the company’s Board of Directors. Brandeau brings to Glu a strong background in technology management experience. As the former CTO of Walt Disney Animation Studios and former SVP of Technology for Pixar Animation Studios, he is uniquely positioned to offer world-class engineering leadership expertise as Glu continues to expand its digital entertainment portfolio.
“Greg has a proven track record as a leader in the entertainment technology space,” said Niccolo de Masi, Glu Chairman and CEO. “We expect that his experience and commitment to innovation will provide tremendous value to Glu’s Board of Directors. We look forward to his contributions.”
“Glu is undoubtedly a leader in the mobile gaming space. I look forward to working with Glu’s Board of Directors and senior management team to support the company’s ongoing growth,” said Brandeau.
In addition to serving on the Board at Glu, Brandeau currently serves as Chief Operating Officer for Chromatik, and he also serves on the Board of Directors forIndependent Means Inc. He is an Advisory Board Member for Calit2, and a member of the Visiting Committee for the Humanities at the Massachusetts Institute of Technology. In addition to his prior technology management roles at Walt Disney Animation Studios and Pixar, he has served in various technology management roles for companies including Maker Media, Periegen Sciences, NeXT Computer and Mountain Network Solutions. He is the co-author of Collective Genius: The Art and Practice of Leading Innovation.
Brandeau holds B.S and M.S degrees in Electronic Engineering from MIT, and an MBA from Duke University. (Original Source)
Shares of Glu Mobile closed today at $4.46, up $0.08 or 1.83%. GLUU has a 1-year high of $7.03 and a 1-year low of $3.27. The stock’s 50-day moving average is $5.16 and its 200-day moving average is $5.61.
On the ratings front, Glu Mobile has been the subject of a number of recent research reports. In a report issued on September 1, Canaccord Genuity analyst Michael Graham reiterated a Buy rating on GLUU, with a price target of $9, which represents a potential upside of 102% from where the stock is currently trading. Separately, on August 5, Cowen’s Doug Creutz maintained a Buy rating on the stock and has a price target of $8.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Michael Graham and Doug Creutz have a total average return of 7.7% and 16.1% respectively. Graham has a success rate of 50.6% and is ranked #427 out of 3748 analysts, while Creutz has a success rate of 50.0% and is ranked #619.
The street is mostly Bullish on GLUU stock. Out of 6 analysts who cover the stock, 6 suggest a Buy rating . The 12-month average price target assigned to the stock is $8.02, which implies an upside of 79.8% 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.