Company Update (NASDAQ:GLUU): Glu Mobile Inc. Launches Cooking Dash 2016

Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, announced the availability of Cooking Dash 2016 on the App Store and Google Play. Players enter into the fast-paced world of reality television cooking competitions as they help fan-favorite waitress, Flo, cook for hungry patrons while starring in her very own cooking show!

“We are proud to launch the first free-to-play version of Cooking Dash in the franchise’s eight-year history. Cooking Dash 2016 capitalizes on our learnings from Diner Dash and extends Glu’s leadership in the time-management genre,” saidNiccolo de Masi, Glu Chairman and CEO. “Fans of the Dash series and new players alike will enjoy the fast-paced, immersive gameplay and brand new celebrity storyline.” (Original Source)

Shares of Glu Mobile closed yesterday at $6.71 . GLUU has a 1-year high of $7.60 and a 1-year low of $3.27. The stock’s 50-day moving average is $6.56 and its 200-day moving average is $5.01.

On the ratings front, Glu Mobile has been the subject of a number of recent research reports. In a report issued on June 15, Northland Securities analyst Darren Aftahi maintained a Buy rating on GLUU, with a price target of $9.50, which represents a potential upside of 41.6% from where the stock is currently trading. Separately, on June 10, Canaccord Genuity’s Michael Graham maintained a Buy rating on the stock and has a price target of $9.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Darren Aftahi and Michael Graham have a total average return of 5.1% and 15.4% respectively. Aftahi has a success rate of 63.6% and is ranked #1172 out of 3632 analysts, while Graham has a success rate of 54.9% and is ranked #187.

In total, 4 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $9.00 which is 34.1% above where the stock closed yesterday.

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.

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