Roth Capital Reiterates a Buy Rating on Glu Mobile

By Ryan Adsit

In a report released today, Darren Aftahi from Roth Capital reiterated a Buy rating on Glu Mobile (NASDAQ: GLUU), with a price target of $3.75. The company’s shares opened today at $2.62.

According to TipRanks.com, Aftahi is a 1-star analyst with an average return of -1.9% and a 46.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as The Meet Group Inc, Mitek Systems 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 6.53M.

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.