Company Update (NASDAQ:GLUU): Glu Mobile Inc. Launches Next Chapter in Deer Hunter Franchise

Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced the availability of Deer Hunter 2016 on the App Store and Google Play. The latest installment to the Deer Hunter franchise features enhanced graphics, including support for Metal on iOS, and truly immersive environments. An impressive arsenal, exotic hunting locations, and heart-pounding gameplay provide players with an action-packed hunting experience.

“With nearly 150 million Deer Hunter 2014 downloads to-date, Deer Hunter is Glu’s most successful action-adventure franchise of all time,” said Niccolo de Masi, Glu Chairman and CEO. “Glu is proud to deliver its most sophisticated graphics yet in a title with truly global appeal. Deer Hunter 2016 offers players a realistic, immersive and always compelling hunting experience.” (Original Source)

Shares of Glu Mobile closed yesterday at $4.72. 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 $4.72 and its 200-day moving average is $5.58.

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 implies an upside of 90.7% from current levels. Separately, on August 5, Cowen’s Doug Creutz maintained a Buy rating on the stock and has a price target of $8.

According to, 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 9.4% and 17.7% respectively. Graham has a success rate of 52.2% and is ranked #333 out of 3765 analysts, while Creutz has a success rate of 57.7% and is ranked #567.

Overall, 6 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 $8.02 which is 69.9% 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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