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Fly News Breaks for February 6, 2020
GLUU
Feb 6, 2020 | 05:37 EDT
Piper Sandler analyst Michael Olson raised his price target for Glu Mobile to $8 from $6.50 saying the company reported strong Q4 results, with bookings and adjusted EBITDA above Street expectations. While the analyst believes Glu's setup for 2020 is "compelling," with new title launches, including the Disney title, he also recognizes that there is some uncertainty related to timing and success of new games. Olson keeps an Overweight rating on the shares.
News For GLUU From the Last 2 Days
GLUU
Jun 3, 2020 | 22:41 EDT
Goldman Sachs, Morgan Stanley and UBS acted as joint book running managers for the offering.
GLUU
Jun 3, 2020 | 14:13 EDT
Shares of Glu Mobile (GLUU) and Zynga (ZNGA) are falling 5% and 3% respectively after a Reuters report that Playtika, a mobile gaming company owned by an investor group in China, has engaged U.S. banks to to prepare for an initial public offering in the U.S . According to an earlier story from Anirban Sen and Joshua Franklin of Reuters, Playtika, which specializes in casino-themed games and operates apps for poker and solitaire, "could be valued at around $10B in the IPO." "Playtika's IPO would come amid a surge in demand for mobile gaming, as more consumers stay home during lockdowns aimed at curbing the COVID-19 pandemic,"added the Reuters story. Reference Link
GLUU
Jun 2, 2020 | 19:10 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here