Glu Mobile Inc. GLUU may have experienced some recent lackluster performances, but the mobile gaming company remains determined.
Recently, the company engaged in a "fireside chat" with Roth Capital Partners, during which the COO and CFO discussed the current mobile gaming situation.
Three Takeaways
Roth highlighted three main takeaway points from the meeting:
1. Frontline Commando: "We learned that much of management's focus with the game in beta has been around load times and latency, and not so much monetization," Roth commented. "As such, with a few more months until ‘expected' launch […] we will be closely watching for improvement in monetization metrics."Valuation
Roth currently has a $5.25 price target on Glu, which is highly contingent upon rivals in the space and its reliance/dependence on celebrities. Furthermore, Roth listed the young target audience and fragmented market as additional risks.
Roth currently has a Buy rating on the stock, which was most recently seen trading up roughly 3 percent at $3.23.
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