Seeking Alpha

Glu Mobile falls on B. Riley downgrade

  • Two months after Glu Mobile (GLUU -5.4%) was upgraded to Buy by B. Riley, shares have been downgraded back to Neutral on account of valuation.
  • Aided by Deer Hunter 2014's strong performance, Glu had risen 36% from the time of B. Riley's upgrade to yesterday's close. Consensus estimates have also moved higher.
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Comments (4)
  • teksavvy
    , contributor
    Comments (58) | Send Message
     
    Good time to buy
    24 Dec 2013, 09:48 AM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (7485) | Send Message
     
    estimates only moved higher based on conservative numbers from GLUU. The fact DH14 is still a top 10 grossing app far exceeds what the company forecast. Why isn't Riley upgrading their numbers? Think the skeptical person in me thinks they have clients that wanted a 5% discount before buying today.
    24 Dec 2013, 09:52 AM Reply Like
  • lingo
    , contributor
    Comments (38) | Send Message
     
    Coming EW3 launch will give a boost to GLUU , I estimate Q4 revenue will exceed 40M . Don't care of these noise , just buy the dip .
    24 Dec 2013, 10:45 AM Reply Like
  • user418
    , contributor
    Comments (258) | Send Message
     
    B.Riley thank you for the Christmas gift and allowing me this discount price to buy more.
    Your Christmas gift discount price is greatly appreciated!!!!!!!
    24 Dec 2013, 10:46 AM Reply Like
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