Insider Selling: Kooth (LON:KOO) Insider Sells 3,429,605 Shares of Stock

Key Points

• Kooth insider Simon Robert Philips sold 3,429,605 shares at GBX 135 each, totaling approximately £4.63 million.
• On the same day, Philips also purchased 3,429,605 shares in two transactions at GBX 135, resulting in no net change in his shareholding based on the reported trades.
• Kooth shares closed at GBX 184.95, while analysts maintained a “Buy” consensus with an average price target of GBX 345; Canaccord Genuity set a GBX 330 target.

Kooth plc (LON:KOO - Get Free Report) insider Simon Robert Philips sold 3,429,605 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of GBX 135, for a total transaction of £4,629,966.75.

Simon Robert Philips also recently made the following trade(s):

• On Friday, October 23rd, Simon Robert Philips purchased 762,938 shares of Kooth stock. The shares were purchased at an average price of GBX 135 per share, with a total value of £1,029,966.30.
• On Friday, October 23rd, Simon Robert Philips acquired 2,666,667 shares of Kooth stock. The stock was purchased at an average cost of GBX 135 per share, for a total transaction of £3,600,000.45.

Kooth Stock Performance

Shares of Kooth stock traded up GBX 2.45 during trading on Friday, hitting GBX 184.95. 62,232 shares of the stock were exchanged, compared to its average volume of 113,326. The stock has a market cap of £67.29 million, a PE ratio of 12.33 and a beta of 1.34. Kooth plc has a 12 month low of GBX 96 and a 12 month high of GBX 202. The stock's fifty day moving average is GBX 176.91 and its 200 day moving average is GBX 159.71.

Kooth (LON:KOO - Get Free Report) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 5 EPS for the quarter. Kooth had a return on equity of 17.74% and a net margin of 9.43%. Sell-side analysts anticipate that Kooth plc will post 12.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 330 price objective on shares of Kooth in a research note on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 345.

Kooth Company Profile

At Kooth, our sole purpose is to create easy-to-access online mental health services that work alongside you to provide compassionate and effective support.

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