Glu Mobile (GLUU) Receives Daily Coverage Optimism Score of 0.20

News headlines about Glu Mobile (NASDAQ:GLUU) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Glu Mobile earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.5378719119116 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern’s scoring:

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Glu Mobile from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Thursday, August 31st. Stifel Nicolaus reiterated a “buy” rating on shares of Glu Mobile in a research report on Thursday, September 7th. Roth Capital restated a “buy” rating and set a $4.00 price target on shares of Glu Mobile in a research note on Tuesday, September 5th. ValuEngine upgraded Glu Mobile from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Canaccord Genuity restated a “hold” rating and set a $3.00 price target on shares of Glu Mobile in a research note on Thursday, August 10th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $3.06.

Glu Mobile (NASDAQ:GLUU) traded up 0.85% during trading on Tuesday, reaching $3.54. The company’s stock had a trading volume of 1,119,074 shares. Glu Mobile has a 1-year low of $1.73 and a 1-year high of $3.70. The stock has a 50 day moving average price of $3.17 and a 200 day moving average price of $2.59. The stock’s market capitalization is $479.37 million.

In other news, COO Eric R. Ludwig sold 49,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $3.12, for a total value of $152,880.00. Following the transaction, the chief operating officer now owns 68,250 shares in the company, valued at approximately $212,940. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Eric R. Ludwig sold 25,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $3.43, for a total value of $85,750.00. Following the completion of the transaction, the chief operating officer now owns 82,000 shares in the company, valued at approximately $281,260. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

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Glu Mobile Company Profile

Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.

Insider Buying and Selling by Quarter for Glu Mobile (NASDAQ:GLUU)

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