Bango's (BGO) "Buy" Rating Reiterated at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reaffirmed a "Buy" rating for Bango (LON:BGO) with a price target of GBX 244, indicating a potential upside of 140.13% from its previous close.
• Bango's stock opened at GBX 101.61, with a market capitalization of £78.07 million and various financial ratios highlighting its current liquidity and valuation status.
• Insider purchases were made by Matt Wilson and Paul Larbey, who acquired a total of 3,956 shares at an average price between GBX 91 and GBX 97, contributing to insider ownership of 12.25% of the company's stock.

Canaccord Genuity Group reissued their buy rating on shares of Bango (LON:BGO - Free Report) in a research report released on Monday morning, Marketbeat reports. They currently have a GBX 244 price objective on the stock.

Bango Stock Up 2.0%

Shares of BGO traded up GBX 2.50 during mid-day trading on Monday, reaching GBX 125. The company had a trading volume of 439,681 shares, compared to its average volume of 119,560. The company has a debt-to-equity ratio of 37.64, a quick ratio of 2.37 and a current ratio of 0.71. The firm has a 50-day moving average price of GBX 91.12 and a 200 day moving average price of GBX 87.23. Bango has a 52 week low of GBX 61.50 and a 52 week high of GBX 129. The company has a market capitalization of £96.04 million, a price-to-earnings ratio of -2,631.58 and a beta of 0.36.

Insider Transactions at Bango

In related news, insider Matt Wilson purchased 1,978 shares of the company's stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of GBX 97 per share, with a total value of £1,918.66. Also, insider Paul Larbey purchased 1,978 shares of the company's stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of GBX 91 per share, for a total transaction of £1,799.98. Insiders own 12.25% of the company's stock.

About Bango

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.