Boku (LON:BOKU) Trading Down 2.9% – Here’s Why

Boku, Inc. (LON:BOKU)’s stock price fell 2.9% during mid-day trading on Thursday . The company traded as low as GBX 108.23 and last traded at GBX 108.23. Approximately 84,273 shares traded hands during trading, a decline of 94% from the average session volume of 1,324,538 shares. The stock had previously closed at GBX 111.50.

Wall Street Analyst Weigh In

BOKU has been the subject of a number of research analyst reports. Berenberg Bank cut their price target on shares of Boku from GBX 300 to GBX 200 and set a “buy” rating for the company in a report on Monday, July 13th. Canaccord Genuity Group dropped their target price on shares of Boku from GBX 324 to GBX 263 and set a “buy” rating on the stock in a report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 270.50.

Boku Stock Down 2.9%

The business has a 50-day moving average price of GBX 122.87 and a 200-day moving average price of GBX 160.51. The company has a market capitalization of £310.80 million, a price-to-earnings ratio of 27.06 and a beta of 0.10. The company has a quick ratio of 1.38, a current ratio of 1.28 and a debt-to-equity ratio of 3.55.

Insider Transactions at Boku

In related news, insider Stuart Paul Neal acquired 106,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were purchased at an average price of GBX 95 per share, for a total transaction of £100,700. Also, insider Rob Whittick acquired 65,000 shares of Boku stock in a transaction on Friday, July 10th. The shares were purchased at an average cost of GBX 99 per share, with a total value of £64,350. Company insiders own 5.87% of the company’s stock.

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