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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Glu Mobile Inc.    GLUU

GLU MOBILE INC.

(GLUU)
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Glancy Prongay & Murray LLP : Announces Investigation on Behalf of Glu Mobile Inc. Investors (GLUU)

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08/14/2019 | 08:01pm EDT

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Glu Mobile Inc. (“Glu Mobile” or the “Company”) (NASDAQ: GLUU) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.

On August 1, 2019, post-market, Glu Mobile drastically decreased its annual bookings guidance and annual forecast. The Company’s Chief Financial Officer stated that Glu Mobile had revised its annual guidance “primarily to reflect the timing of new launches, contribution from newly launched titles and incremental UA investment to take advantage of favorable ROI opportunities."

On this news, Glu Mobile’s stock price fell $2.77 per share, or 36.5%, to close at $4.82 per share on August 2, 2019, thereby injuring investors.

If you purchased Glu Mobile securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2019
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Financials (USD)
Sales 2019 408 M
EBIT 2019 1,20 M
Net income 2019 2,77 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 149x
P/E ratio 2020 21,3x
Capi. / Sales2019 1,60x
Capi. / Sales2020 1,37x
Capitalization 652 M
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Technical analysis trends GLU MOBILE INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 7
Average target price 7,96  $
Last Close Price 4,47  $
Spread / Highest target 101%
Spread / Average Target 78,2%
Spread / Lowest Target 56,6%
EPS Revisions
Managers
NameTitle
Nick Earl President, CEO & Non-Independent Director
Niccolo M. de Masi Executive Chairman
Eric Robert Ludwig Chief Financial & Operating Officer, EVP
Dominic Martinelli VP-Global Customer & Technical Operations
Hany M. Nada Independent Director
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