Bango (LON:BGO) Insider Sells £32,825 in Stock

Key Points

• Insider Ray Anderson sold 32,500 shares of Bango PLC for a total of £32,825 at an average price of GBX 101.
• Bango's stock is currently trading down 3.5%, with a market capitalization of £94.92 million and a price-to-earnings ratio of -2,601.05.
• Analysts have a favorable outlook on Bango, with a unanimous buy rating and a consensus price target of GBX 244.

Bango PLC (LON:BGO - Get Free Report) insider Ray Anderson sold 32,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of GBX 101, for a total transaction of £32,825.

Bango Trading Up 2.0%

LON BGO traded up GBX 2.50 during mid-day trading on Friday, reaching GBX 125. 439,681 shares of the stock were exchanged, compared to its average volume of 119,560. Bango PLC has a 1-year low of GBX 61.50 and a 1-year high of GBX 129. The business's fifty day simple moving average is GBX 91.83 and its 200 day simple moving average is GBX 87.52. The stock has a market capitalization of £96.04 million, a PE ratio of -2,631.58 and a beta of 0.36. The company has a debt-to-equity ratio of 37.64, a quick ratio of 2.37 and a current ratio of 0.71.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 244 price target on shares of Bango in a research note on Monday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of GBX 244.

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.