Bango (LON:BGO) Stock Jumps 20.3% – What’s Next?

Bango PLC (LON:BGO) shares were up 20.3% on Friday. The stock traded as high as GBX 74 and last traded at GBX 74. 572,060 shares changed hands during trading, an increase of 257% from the average daily volume of 160,374 shares. The stock had previously closed at GBX 61.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price target on Bango from GBX 181 to GBX 160 and set a “buy” rating for the company in a report on Friday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 160.

Bango Trading Up 20.3%

The business has a 50 day simple moving average of GBX 63.91 and a 200 day simple moving average of GBX 64.01. The company has a debt-to-equity ratio of 98.20, a current ratio of 0.67 and a quick ratio of 2.37. The company has a market cap of £57.02 million, a price-to-earnings ratio of -7.51 and a beta of 0.67.

Insider Buying and Selling at Bango

In related news, insider Matt Wilson purchased 6,438 shares of Bango stock in a transaction dated Friday, July 10th. The shares were acquired at an average cost of GBX 71 per share, for a total transaction of £4,570.98. Also, insider Duncan Magrath bought 25,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were bought at an average price of GBX 72 per share, with a total value of £18,000. Insiders own 12.11% of the company’s stock.

Bango Company Profile

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.