Bango (LON:BGO) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Bango (LON:BGO) in a research report released on Monday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 244 ($3.31) price target on the stock.

Bango Trading Up 0.3%

Shares of LON:BGO opened at GBX 88.25 ($1.20) on Monday. The company has a debt-to-equity ratio of 37.64, a current ratio of 0.71 and a quick ratio of 2.37. The business’s 50-day moving average is GBX 85.36 and its 200 day moving average is GBX 90.18. The firm has a market capitalization of £67.80 million, a P/E ratio of -9.73 and a beta of 0.36. Bango has a 1 year low of GBX 61.50 ($0.83) and a 1 year high of GBX 150 ($2.03).

Insider Activity at Bango

In related news, insider Paul Larbey bought 10,635 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of GBX 84 ($1.14) per share, for a total transaction of £8,933.40 ($12,109.80). Over the last 90 days, insiders purchased 27,124 shares of company stock valued at $2,284,267. 37.91% of the stock is currently owned by insiders.

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.