Company Update (NASDAQ:GLUU): Glu Mobile Inc. Launches Sniper X With Jason Statham

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 Sniper X with Jason Statham on the App Store and Google Play. Featuring the name, likeness, and voice of the world-renowned action star, Sniper X with Jason Stathamfeatures high-octane, first person shooter gameplay. Players are immersed into their very own action film as they experience console-quality graphics, intense missions, and intuitive controls.

“As Glu’s first male celebrity partner, Jason Statham’s over 55 million* social followers add a new demographic to the company’s celebrity gaming platform,” saidNiccolo de Masi, Glu Chairman and CEO. “Mr. Statham’s creative input throughout the game’s development has ensured a unique and authentic action-adventure experience his fans will enjoy worldwide.” (Original Source)

Shares of Glu Mobile closed yesterday at $4.09. 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 $4.42 and its 200-day moving average is $5.48.

On the ratings front, Glu Mobile has been the subject of a number of recent research reports. In a report issued on October 2, Canaccord Genuity analyst Michael Graham reiterated a Buy rating on GLUU, with a price target of $9, which implies an upside of 120.0% from current levels. Separately, on September 23, Cowen’s Doug Creutz reiterated 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 15.8% and 16.5% respectively. Graham has a success rate of 55.8% and is ranked #80 out of 3795 analysts, while Creutz has a success rate of 57.1% and is ranked #542.

The street is mostly Bullish on GLUU stock. Out of 4 analysts who cover the stock, 4 suggest a Buy rating . The 12-month average price target assigned to the stock is $8.02, which implies an upside of 96.1% 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.

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