Glu Mobile Gets a Hold Rating from Canaccord Genuity

By Austin Angelo

Canaccord Genuity analyst Michael Graham reiterated a Hold rating on Glu Mobile (NASDAQ: GLUU) today and set a price target of $3. The company’s shares opened today at $2.56.

According to TipRanks.com, Graham is a 5-star analyst with an average return of 13.1% and a 63.8% success rate. Graham covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, The Meet Group Inc, and Angie’s List Inc.

Glu Mobile has an analyst consensus of Moderate Buy, with a price target consensus of $3.07.

The company has a one year high of $2.95 and a one year low of $1.73. Currently, Glu Mobile has an average volume of 5.96M.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is neutral on the stock.

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Glu Mobile, Inc. designs, markets and sells mobile games. It develops, publishes and markets a portfolio of games designed to appeal to a broad cross section of the users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store, Amazon Appstore and others. The company was founded in May 2001 and is headquartered in San Francisco, CA.