Bango (LON:BGO) Stock Price Up 4.8% – Still a Buy?

Bango PLC (LON:BGO) rose 4.8% on Friday . The company traded as high as GBX 70 and last traded at GBX 65. Approximately 130,186 shares changed hands during trading, an increase of 15% from the average daily volume of 113,029 shares. The stock had previously closed at GBX 62.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price objective on Bango from GBX 244 to GBX 212 and set a “buy” rating on the stock in a report on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 212.

Bango Stock Up 15.3%

The stock has a 50 day simple moving average of GBX 70.46 and a 200 day simple moving average of GBX 84.05. The company has a current ratio of 0.73, a quick ratio of 2.37 and a debt-to-equity ratio of 79.21. The firm has a market capitalization of £55.05 million, a PE ratio of -20.78 and a beta of 0.54.

Insider Transactions at Bango

In other Bango news, insider Matt Wilson purchased 12,755 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was purchased at an average price of GBX 78 per share, for a total transaction of £9,948.90. Also, insider Ray Anderson sold 40,123 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of GBX 43, for a total value of £17,252.89. Insiders acquired 28,274 shares of company stock worth $2,219,038 over the last quarter. 12.05% of the stock is currently owned by insiders.

Bango Company Profile

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

The world’s largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.

Bango, where people subscribe.