Roth Capital analyst Darren Aftahi maintained a Hold rating on Glu Mobile (GLUU – Research Report) today and set a price target of $7. The company’s shares closed last Monday at $4.45, close to its 52-week low of $4.30.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 13.8% and a 46.3% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Glu Mobile with a $8.54 average price target.
The company has a one-year high of $11.75 and a one-year low of $4.30. Currently, Glu Mobile has an average volume of 3.13M.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral on the stock.
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Glu Mobile, Inc. designs, markets and sells mobile games. It specializes in free-to-play mobile games designed to a section of users who download and make purchases games through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store, Amazon Appstore and others.