Celebrus Technologies (LON:CLBS) Stock Price Down 2.5% - What's Next?

Key Points

• Celebrus Technologies stock price fell by 2.5% to GBX 164.80 ($2.21) with decreased trading volume compared to the average.
• Analysts are optimistic about the stock, with a consensus rating of "Buy" and a target price averaging GBX 382.50.
• Insider Bill Bruno sold 21,164 shares at an average price of GBX 160, indicating ongoing activity among company insiders.

Celebrus Technologies plc (LON:CLBS - Get Free Report) dropped 2.5% during mid-day trading on Wednesday . The stock 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).

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CLBS shares. Canaccord Genuity Group upgraded Celebrus Technologies to a "buy" rating and set a GBX 290 target price for the company 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of GBX 382.50.

Celebrus Technologies Trading Up 0.8%

The business has a 50-day moving average price of GBX 168.94 and a 200 day moving average price of 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 EPS for the quarter. Celebrus Technologies had a return on equity of 14.32% and a net margin of 12.37%.

Insider Activity at Celebrus Technologies

In other news, insider Bill Bruno sold 21,164 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of GBX 160, for a total transaction of £33,862.40. Company insiders own 17.36% of the company's stock.

About Celebrus Technologies

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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