Boku (LON:BOKU) Shares Up 9.2% – What’s Next?

Boku, Inc. (LON:BOKU)’s stock price shot up 9.2% on Thursday . The stock traded as high as GBX 107 and last traded at GBX 107. 1,431,418 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 1,304,687 shares. The stock had previously closed at GBX 98.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BOKU. Berenberg Bank dropped their target price on shares of Boku from GBX 300 to GBX 200 and set a “buy” rating on the stock in a research report on Monday, July 13th. Canaccord Genuity Group cut their price objective on shares of Boku from GBX 324 to GBX 263 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Boku presently has a consensus rating of “Buy” and a consensus price target of GBX 270.50.

Boku Stock Up 9.2%

The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.38 and a current ratio of 1.28. The stock’s 50 day simple moving average is GBX 140.66 and its 200 day simple moving average is GBX 173.46. The firm has a market cap of £312.67 million, a P/E ratio of 26.75 and a beta of 0.10.

Insider Transactions at Boku

In related news, insider Rob Whittick acquired 65,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was purchased at an average cost of GBX 99 per share, with a total value of £64,350. Also, insider Stuart Paul Neal acquired 106,000 shares of the stock in a transaction dated Wednesday, July 8th. The stock was bought at an average cost of GBX 95 per share, with a total value of £100,700. 5.72% of the stock is currently owned by insiders.

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