Boku (LON:BOKU) Stock Price Down 32.5% – Here’s What Happened

Shares of Boku, Inc. (LON:BOKU) were down 32.5% during trading on Wednesday . The company traded as low as GBX 90 and last traded at GBX 94.17. Approximately 20,785,676 shares changed hands during trading, an increase of 1,575% from the average session volume of 1,240,667 shares. The stock had previously closed at GBX 139.50.

Wall Street Analyst Weigh In

BOKU has been the topic of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 324 price objective on shares of Boku in a research note on Tuesday, May 12th. Jefferies Financial Group reduced their price target on shares of Boku from GBX 334 to GBX 311 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 310.75.

Boku Stock Down 32.5%

The stock has a market capitalization of £275.20 million, a P/E ratio of 23.54 and a beta of 0.10. The company has a current ratio of 1.28, a quick ratio of 1.38 and a debt-to-equity ratio of 3.55. The stock’s 50 day simple moving average is GBX 158.45 and its 200 day simple moving average is GBX 182.04.

Insiders Place Their Bets

In related news, insider Stuart Paul Neal purchased 106,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were acquired at an average price of GBX 95 per share, with a total value of £100,700. 5.72% of the stock is currently owned by company insiders.

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