Boku (LON:BOKU) Stock Price Down 32.5% – Here’s Why

Boku, Inc. (LON:BOKU) traded down 32.5% on Wednesday . The stock traded as low as GBX 90 and last traded at GBX 94.17. 20,785,676 shares changed hands during mid-day trading, an increase of 1,575% from the average daily volume of 1,240,667 shares. The stock had previously closed at GBX 139.50.

Analysts Set New Price Targets

BOKU has been the topic of several recent analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 324 price objective on shares of Boku in a report on Tuesday, May 12th. Jefferies Financial Group decreased their price target on Boku from GBX 334 to GBX 311 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Boku currently has an average rating of “Buy” and a consensus price target of GBX 310.75.

Boku Price Performance

The company has a 50 day moving average of GBX 158.45 and a 200 day moving average of GBX 182.04. The stock has a market capitalization of £275.20 million, a price-to-earnings ratio of 23.54 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 Buying and Selling at Boku

In related news, insider Stuart Paul Neal bought 106,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were acquired 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.

Boku Company Profile