Boku (LON:BOKU) Stock Price Up 9.2% – Time to Buy?

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

Wall Street Analysts Forecast Growth

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

Boku Stock Performance

The stock has a 50 day moving average of GBX 137.75 and a 200-day moving average of GBX 172.20. The company has a market capitalization of £312.67 million, a P/E ratio of 26.75 and a beta of 0.10. The company has a current ratio of 1.28, a quick ratio of 1.38 and a debt-to-equity ratio of 3.55.

Insider Buying and Selling

In other news, insider Stuart Paul Neal purchased 106,000 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was acquired at an average cost of GBX 95 per share, for a total transaction of £100,700. Also, insider Rob Whittick acquired 65,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were purchased at an average price of GBX 99 per share, for a total transaction of £64,350. Corporate insiders own 5.72% of the company’s stock.

About Boku