Glu Mobile Stock Rating Upgraded by Northland Securities (GLUU)

Northland Securities upgraded shares of Glu Mobile (NASDAQ: GLUU) from a market perform rating to an outperform rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.

Glu Mobile (NASDAQ: GLUU) traded down 3.35% on Monday, hitting $3.1701. Glu Mobile has a 52-week low of $1.99 and a 52-week high of $5.90. The stock’s 50-day moving average is currently $2.45. The company’s market cap is $208.2 million.

GLUU has been the subject of a number of other recent research reports. Analysts at Northland Capital upgraded shares of Glu Mobile from a market perform rating to an outperform rating in a research note to investors on Monday. They now have a $4.50 price target on the stock, up previously from $2.50. Separately, analysts at Canaccord Genuity cut their price target on shares of Glu Mobile from $5.00 to $3.50 in a research note to investors on Wednesday, February 6th. They now have a buy rating on the stock.

Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $4.09.

Glu Mobile Inc. (NASDAQ: GLUU) designs, markets and sells mobile games. The Company has developed and published a portfolio of action/adventure and casual games designed to appeal to a cross section of the users of smartphones and tablet devices who purchase its games through direct-to-consumer digital storefronts, as well as users of feature phones served by wireless carriers and other distributors.

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