Bango (LON:BGO) Stock Price Up 0.1% - Should You Buy?

Key Points

• Bango PLC's stock price rose by 0.1%, trading at GBX 87.55 ($1.18) with a significant decrease in trading volume, down 95% from its average daily volume.
• Analysts from Canaccord Genuity have set a new target price of GBX 244 ($3.30) for Bango shares, maintaining a "buy" rating.
• Insider transactions reveal that insiders have purchased 27,124 shares worth approximately $2.28 million in the past three months, indicating strong confidence in the company.

Bango PLC (LON:BGO - Get Free Report) was up 0.1% on Thursday . The stock traded as high as GBX 88.13 ($1.19) and last traded at GBX 87.55 ($1.18). Approximately 6,241 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 116,287 shares. The stock had previously closed at GBX 87.50 ($1.18).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 244 ($3.30) target price on shares of Bango in a report on Thursday, July 24th.

Bango Price Performance

The company has a quick ratio of 2.37, a current ratio of 0.71 and a debt-to-equity ratio of 37.64. The firm has a market capitalization of £67.27 million, a price-to-earnings ratio of -9.65 and a beta of 0.36. The stock's 50 day moving average price is GBX 88.91 and its two-hundred day moving average price is GBX 87.38.

Insider Transactions at Bango

In related news, insider Paul Larbey bought 10,638 shares of Bango stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average price of GBX 84 ($1.14) per share, for a total transaction of £8,935.92 ($12,090.27). Insiders have bought 27,124 shares of company stock worth $2,284,267 in the last three months. 37.91% of the stock is owned by corporate 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.

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