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

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group reduced their price target on shares of Boku from GBX 334 to GBX 311 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Canaccord Genuity Group cut their target price on shares of Boku from GBX 324 to GBX 263 and set a “buy” rating on the stock in a research note on Thursday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Boku currently has an average rating of “Buy” and an average target price of GBX 295.50.

Boku Price Performance

The business’s 50 day moving average price is GBX 154.99 and its 200-day moving average price is GBX 180.49. The company has a quick ratio of 1.38, a current ratio of 1.28 and a debt-to-equity ratio of 3.55. The company has a market cap of £289.30 million, a PE ratio of 24.75 and a beta of 0.10.

Insider Buying and Selling at Boku

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

About Boku