Celebrus Technologies (LON:CLBS) Stock Price Down 2.5% - Here's Why

Key Points

• Celebrus Technologies' stock price decreased by 2.5%, trading between GBX 162 ($2.17) and GBX 164.80 ($2.21) during Wednesday's trading session.
• Analysts have mixed views on the stock; Canaccord Genuity upgraded it to a "buy" rating with a target of GBX 290, while Shore Capital maintained a "no recommendation" rating.
• Insider Bill Bruno sold 21,164 shares at an average price of GBX 160, indicating some level of confidence regarding his personal investment decisions.

Shares of Celebrus Technologies plc (LON:CLBS - Get Free Report) were down 2.5% during trading on Wednesday . The company traded as low as GBX 162 ($2.17) and last traded at GBX 164.80 ($2.21). Approximately 74,145 shares changed hands during trading, a decline of 8% from the average daily volume of 80,295 shares. The stock had previously closed at GBX 169 ($2.27).

Wall Street Analyst Weigh In

A number of analysts have commented on CLBS shares. Canaccord Genuity Group upgraded shares of Celebrus Technologies to a "buy" rating and set a GBX 290 price target on the stock in a research report on Tuesday, July 8th. Shore Capital restated a "no recommendation" rating on shares of Celebrus Technologies in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Celebrus Technologies has a consensus rating of "Buy" and an average price target of GBX 382.50.

Celebrus Technologies Stock Performance

The company's 50 day moving average price is GBX 168.94 and its 200-day moving average price is GBX 175.93. The company has a market cap of £65.05 million, a price-to-earnings ratio of 1,044.36 and a beta of 1.34.

Celebrus Technologies (LON:CLBS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 8th. The company reported GBX 18.30 earnings per share (EPS) for the quarter. Celebrus Technologies had a net margin of 12.37% and a return on equity of 14.32%.

Insider Activity

In other news, insider Bill Bruno sold 21,164 shares of Celebrus Technologies stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of GBX 160, for a total value of £33,862.40. 17.36% of the stock is owned by corporate insiders.

Celebrus Technologies Company Profile

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualises, and activates consumer behavioral data in live-time across all digital channels.

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