Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced that Tim Wilson has joined the company as Global Chief Technology Officer. Wilson brings to Glu a strong background in global technology and engineering leadership acquired through his 27-year career in gaming. Having served in multiple CTO positions at Electronic Arts, Wilson is expertly positioned to provide world-class technology leadership as Glu continues to expand its digital entertainment portfolio.
“I am pleased to welcome Tim Wilson to Glu as we continue to be leaders in the mobile gaming industry under the direction of a top-notch executive team,” saidNiccolo de Masi, Glu Chairman and CEO. “I expect his expertise and track record of excellence to optimize the services that support Glu’s planned growth.”
“I’ve spent my entire career in gaming and see free-to-play as the business model with the greatest potential for growth,” said Wilson. “I’m excited to join the Glu team and look forward to leading the company’s efforts to expand its capabilities to continue providing players with seamless experiences.”
Over the course of his 19-year tenure at Electronic Arts, Wilson served as the CTO of various business groups including All Play Label, Core Media Group, and EA’sRedwood Shores Studio. His most recent role was Head of the company’s EADP Mobile Platform where he was instrumental in leading a team to develop and operate EA’s mobile services to support its mobile catalog. He also served as EVP of Strategic Relationships of Gaikai from January 2011 to October 2011 and on Gaikai’s Advisory Board from October 2011 until its acquisition by Sony Computer Entertainment in July 2012. (Original Source)
Shares of Glu Mobile closed yesterday at $4.10. 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 $4.44 and its 200-day moving average is $5.52.
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 represents a potential upside of 119.5% from where the stock is currently trading. Separately, on September 23, Cowen’s Doug Creutz reiterated 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 9.9% and 15.5% respectively. Graham has a success rate of 52.1% and is ranked #263 out of 3775 analysts, while Creutz has a success rate of 53.6% and is ranked #613.
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 represents a potential upside of 95.6% from where the stock is currently trading.
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.