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GLUU $12.5

GLUU target price
12.50
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0
Glu Mobile, Inc.
Type
Public
Traded as NASDAQ: GLUU
Industry Video game industry
Founded 2001; 16 years ago (2001) (as Sorrent)
Headquarters San Francisco, California, U.S.
Key people
Nick Earl (CEO & President)
Revenue $322.1 million
Subsidiaries PlayFirst
Plain Vanilla Games
Griptonite
GluPlay
Crowdstar
Website www.glu.com

Glu Mobile, Inc. (also known as Glu Games, stylised as glu) is a developer and publisher of mobile games for smartphone and tablet devices. Founded in San Francisco, California, in 2001 as Sorrent, Glu offers products to multiple platforms including iOS, Android, Amazon, Windows Phone and Google Chrome.

In December 2004, San Mateo, California-based Sorrent merged with London-based Macrospace. In June 2005 the merged company created a new corporate name: Glu Mobile. That same year, Greg Ballard replaced Sorrent founder Scott Orr as CEO. In 2006 Glu Mobile acquired iFone and in 2007 it acquired Chinese mobile game producer Beijing Zhangzhong MIG Information Technology Co. Ltd. ("MIG"). In September 2007, Glu Mobile announced the launch of Asteroids for mobile phones. In March 2008 Glu Mobile acquired San Clemente-based mobile developer Superscape.

In January 2010, Niccolo de Masi joined Glu Mobile as the President and CEO. Mr. de Masi was previously CEO at Hands-On Mobile. Since his arrival, Glu has transitioned to a freemium business model focused around Glu's original IP.

On August 2, 2011, Glu Mobile acquired Griptonite Games. Its staff of 200 "approximately doubles" Glu's internal development capacity.

Glu Mobile bought Gamespy Technologies (the entity responsible for GameSpy multiplayer services) from IGN Entertainment in August 2012, and proceeded in December to raise integration costs and shut down servers for many older games, including the Star Wars: Battlefront series, Sniper Elite, Microsoft Flight Simulator X and Neverwinter Nights, with no warning to developers or consumers. GameSpy Technologies remained operational and did not make any announcements of an impending shutdown; the two GameSpy companies were separate entities and only related by name. Glu mobile also shut down online multiplayer servers for several titles on the Nintendo DS and Wii, such as Mario Kart DS, Super Smash Bros Brawl, and Mario Kart Wii. Glu shut down the rest of Gamespy effective on May 31, 2014.

On September 3, 2014, PlayFirst was acquired by Glu Mobile. The official statement from Glu Mobile CEO, Niccolo de Masi, read "We are pleased to officially add PlayFirst to the Glu family and look forward to delivering new DASH products to a worldwide audience,"

In April 2015, China Tencent paid $126 Million for a 15 % stake in Glu Mobile. Now 20.8% as of 2017

On December 22, 2016, it was announced that Glu Mobile had acquired the trivia game QuizUp for US$7.5M.

In November 2016, Nick Earl became CEO. The majority stake of Glu Mobile shares are held by institutions: at the start of the third quarter of 2012, institutional ownership was 78% of the outstanding shares according to Google Finance.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2021 2021-08-02 Future report Set alerts
Q1 2021 2021-05-05 Future report Set alerts
Q4 2020 2021-02-08 0.15 0.15
Q3 2020 2020-11-05 0.00 0.00
Q2 2020 2020-08-04 0.20 -0.05
Q1 2020 2020-05-07 0.00 -0.06
Q4 2019 2020-02-05 0.09 0.07
Q3 2019 2019-11-06 0.07 -0.03
Q2 2019 2019-08-01 0.06 0.02
Q1 2019 2019-05-06 0.06 0.00

Ratings

2016-05-04 Lower Price Target Wedbush Neutral $3.30 to $2.65
2016-05-04 Downgrade Roth Capital Buy to Neutral $4.15 to $2.50
2016-05-04 Downgrade Benchmark Co. Buy to Hold $3.68 to $2.70
2016-04-26 Lower Price Target Roth Capital Buy $5.25 to $4.15
2016-04-04 Reiterated Rating Canaccord Genuity Hold $4.00
2016-03-19 Reiterated Rating Roth Capital Buy
2016-02-18 Reiterated Rating Northland Securities Buy
2016-02-17 Reiterated Rating Roth Capital Buy $5.00 to $5.25
2016-02-06 Reiterated Rating Northland Securities Outperform $3.00
2016-02-05 Upgrade Benchmark Co. Hold to Buy $3.68
2016-02-05 Reiterated Rating Piper Jaffray Overweight $4.50 to $4.25
2016-02-05 Reiterated Rating Piper Jaffray Cos. Overweight $4.50 to $4.25
2016-02-04 Reiterated Rating Wedbush Hold $3.30
2016-01-27 Reiterated Rating Wedbush Neutral $3.30
2016-01-12 Lower Price Target Northland Securities Outperform $9.50 to $3.00
2016-01-03 Reiterated Rating Cowen and Company Buy
2016-01-03 Reiterated Rating Craig Hallum Buy
2015-12-28 Reiterated Rating Cowen and Company Buy $5.00
2015-12-28 Reiterated Rating Craig Hallum Buy $7.00 to $4.00
2015-12-07 Initiated Coverage Wedbush Neutral $3.30
2015-11-13 Initiated Coverage Roth Capital Buy $5.00
2015-11-11 Initiated Coverage Oppenheimer Market Perform
2015-11-11 Initiated Coverage Oppenheimer Holdings Inc. Market Perform
2015-11-09 Downgrade Benchmark Co. Buy to Hold $3.69
2015-11-06 Lower Price Target Craig Hallum Buy $10.00 to $7.00
2015-11-06 Lower Price Target Cowen and Company $8.00 to $5.00
2015-11-06 Downgrade Canaccord Genuity Buy to Hold $9.00 to $4.00
2015-10-02 Reiterated Rating Canaccord Genuity Buy $9.00
2015-09-23 Reiterated Rating Cowen and Company Buy $8.00
2015-09-17 Reiterated Rating Benchmark Co. Buy
2015-09-01 Reiterated Rating Canaccord Genuity Buy $9.00
2015-08-13 Reiterated Rating Canaccord Genuity Buy
2015-08-05 Reiterated Rating Cowen and Company Buy $10.00 to $8.00
2015-08-05 Reiterated Rating Canaccord Genuity Buy $9.00
2015-08-05 Reiterated Rating Piper Jaffray Overweight $9.00 to $8.50
2015-08-05 Reiterated Rating Benchmark Co. Buy $6.58
2015-07-23 Reiterated Rating Cowen and Company Buy $10.00
2015-07-06 Reiterated Rating Northland Securities Buy $9.50
2015-06-30 Boost Price Target Craig Hallum Buy $8.00 to $10.00
2015-06-15 Reiterated Rating Northland Securities Outperform $9.50
2015-06-12 Reiterated Rating Canaccord Genuity Buy $9.00
2015-05-19 Boost Price Target Stifel Nicolaus Buy $7.00 to $9.00
2015-05-18 Reiterated Rating Northland Securities Top Pick $9.50
2015-05-15 Boost Price Target Canaccord Genuity Buy $8.00 to $9.00
2015-05-15 Boost Price Target Piper Jaffray Overweight $7.50 to $9.00
2015-05-05 Reiterated Rating Piper Jaffray Overweight to Average $5.50 to $7.50
2015-04-30 Reiterated Rating Canaccord Genuity Buy $6.50 to $8.00
2015-04-30 Boost Price Target Benchmark Co. Buy to Positive $5.45 to $7.64
2015-04-30 Boost Price Target Northland Securities Outperform $7.50 to $9.50
2015-03-05 Set Price Target Piper Jaffray Buy $5.50
2015-02-05 Reiterated Rating Piper Jaffray Buy
2015-02-05 Boost Price Target Northland Securities Outperform $7.00 to $7.50
2015-01-13 Set Price Target Northland Securities Buy $7.00
2014-12-19 Set Price Target Piper Jaffray Buy $5.00
2014-11-03 Reiterated Rating Stifel Nicolaus Buy $8.00 to $7.00
2014-10-30 Reiterated Northland Capital Outperform $9.50 to $7
2014-10-30 Reiterated Rating Canaccord Genuity Buy $8.00 to $6.00
2014-10-30 Downgrade Northland Securities Outperform $9.50 to $7.00
2014-10-08 Upgrade Benchmark Co. Hold to Buy $4.76 to $5.90
2014-09-19 Boost Price Target Benchmark Co. Hold $7.93
2014-07-31 Boost Price Target Canaccord Genuity Buy $5.50 to $8.00
2014-07-31 Boost Price Target Northland Securities Accumulate $9.00 to $9.50
2014-07-31 Downgrade Benchmark Co. Buy to Hold
2014-07-21 Boost Price Target Cowen and Company $6.00 to $10.00
2014-07-15 Reiterated Northland Capital Outperform $7.50 to $9
2014-07-15 Boost Price Target Northland Securities Outperform $7.50 to $9.00
2014-07-02 Boost Price Target Needham & Company LLC Strong-Buy $6.00 to $7.00
2014-06-27 Upgrade Benchmark Co. Hold to Buy $4.62 to $5.60
2014-05-01 Upgrade Needham & Company LLC Buy to Strong-Buy $5.00 to $6.00
2014-04-21 Reiterated Rating Benchmark Co. Hold $3.93
2014-02-06 Boost Price Target Needham & Company LLC $5.00
2014-02-06 Reiterated Rating Stifel Nicolaus Buy $4.00 to $6.00
2014-02-06 Upgrade Piper Jaffray Neutral to Overweight $4.00 to $6.00
2014-01-15 Boost Price Target Canaccord Genuity Buy $4.25 to $5.00
2014-01-08 Initiated Coverage Roth Capital Buy $5.00
2014-01-07 Upgrade Craig Hallum Hold to Buy
2013-12-24 Downgrade B. Riley & Co. Buy to Neutral
2013-12-24 Downgrade B. Riley Buy to Neutral $3.88 to $4.25
2013-11-01 Boost Price Target Northland Securities Outperform $4.00 to $4.75
2013-10-31 Boost Price Target Canaccord Genuity Buy $4.00 to $4.25
2013-10-31 Boost Price Target Needham & Company LLC Buy $3.00 to $4.00
2013-10-31 Reiterated Rating Benchmark Co. Buy $3.07
2013-10-22 Reiterated The Benchmark Company Buy $2.42 to $3.07
2013-10-22 Initiated Coverage Cowen and Company Outperform $5.00
2013-10-22 Boost Price Target Benchmark Co. Buy $2.42 to $3.07
2013-10-16 Boost Price Target Canaccord Genuity Buy $3.00 to $4.00
2013-10-15 Boost Price Target Northland Securities Outperform $3.50 to $4.00
2013-10-14 Upgrade B. Riley & Co. Neutral to Buy $2.75 to $3.75
2013-10-14 Upgrade B. Riley Neutral to Buy $2.75 to $3.75
2013-09-20 Reiterated Rating Northland Securities Positive
2013-08-05 Reiterated
2013-03-18 Upgrade Northland Capital Market Perform to Outperform $2.50 to $4.50
2013-02-01 Downgrade Northland Capital Outperform to Market Perform $4.50 to $3
2012-10-16 Initiated Stifel Nicolaus Buy $5
2012-10-10 Reiterated Northland Securities Outperform $7.50 to $6.50
2012-03-08 Initiated Canaccord Genuity Buy $7
2011-05-04 Reiterated Northland Securities Outperform $5.25 to $6
2016-05-04 Lower Price Target Wedbush Neutral $3.30 to $2.65
2016-05-04 Downgrade Roth Capital Buy to Neutral $4.15 to $2.50
2016-05-04 Downgrade Benchmark Co. Buy to Hold $3.68 to $2.70
2016-04-26 Lower Price Target Roth Capital Buy $5.25 to $4.15
2016-04-04 Reiterated Rating Canaccord Genuity Hold $4.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Tencent Holdings Ltd 7.47%  (7194690) GLUU /
NEW ENTERPRISE ASSOCIATES 10 L P 6.15%  (5919443) GLUU / GLYC / VTAE / WIFI /
de Masi Niccolo President and CEO 0.54%  (524755) CNSI / GLUU /
Abony Lorne 0.31%  (299050) GLUU /
Earl Nicholas President & CEO 0.30%  (284556) GLUU /
Akhavan Chris PRESIDENT OF PUBLISHING 0.17%  (165724) GLUU /
Leichtner Scott VP AND GENERAL COUNSEL 0.16%  (157509) GLUU /
Cannon Gregory J. Vice President of Finance 0.14%  (134629) GLUU /
Smith Benjamin T. IV 0.11%  (104149) GLUU /
MILLER WILLIAM J 0.10%  (100000) DMRC / GLUU / NVDA / WAT /
Ludwig Eric R EVP and CFO 0.08%  (76733) GLUU /
Ball Eric J. 0.08%  (75000) GLUU /
Wilson Tim Chief Technology Officer 0.07%  (64890) GLUU /
Flanders Adam SVP, SALES AND MARKETING 0.06%  (55095) GLUU /
MATHER ANN 0.03%  (28666) GLUU / GOOGL / MGI / NFLX / SFLY / SZYM /
Brandeau Greg 0.03%  (25000) GLUU /
Nada Hany 0.02%  (14943) GLUU / VCRA /