Boku (LON:BOKU) Trading Down 1.4% – Here’s Why

Boku, Inc. (LON:BOKU)’s share price fell 1.4% during trading on Wednesday . The stock traded as low as GBX 202 and last traded at GBX 202.60. 237,686 shares changed hands during trading, a decline of 71% from the average session volume of 809,165 shares. The stock had previously closed at GBX 205.50.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 price target on shares of Boku in a report on Thursday, January 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 324 target price on shares of Boku in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 314.

Boku Price Performance

The business has a fifty day moving average price of GBX 214.05 and a 200-day moving average price of GBX 221.06. The company has a current ratio of 1.27, a quick ratio of 1.38 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of £594.42 million, a PE ratio of 40.52 and a beta of -0.11.

Insiders Place Their Bets

In other Boku news, insider Jonathan Peter Prideaux sold 250,000 shares of Boku stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of GBX 213, for a total transaction of £532,500. In the last ninety days, insiders sold 1,000,000 shares of company stock valued at $219,850,000. Insiders own 5.62% of the company’s stock.

About Boku