Bango (LON:BGO) Given Buy Rating at Canaccord Genuity Group

Bango (LON:BGO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research note issued on Thursday,Digital Look reports. They presently have a GBX 181 price target on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 158.76% from the company’s previous close.

Bango Stock Performance

Shares of Bango stock opened at GBX 69.95 on Thursday. The company has a current ratio of 0.67, a quick ratio of 2.37 and a debt-to-equity ratio of 98.20. The company has a market cap of £53.90 million, a PE ratio of -7.09 and a beta of 0.66. The company has a 50 day moving average of GBX 60.92 and a 200-day moving average of GBX 71.18. Bango has a 1-year low of GBX 55 and a 1-year high of GBX 129.

Insider Buying and Selling at Bango

In other Bango news, insider Paul Larbey purchased 3,053 shares of the stock in a transaction dated Monday, May 18th. The stock was bought at an average price of GBX 59 per share, with a total value of £1,801.27. Also, insider Matt Wilson acquired 3,052 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of GBX 59 per share, with a total value of £1,800.68. In the last quarter, insiders bought 6,596 shares of company stock worth $390,108. Corporate insiders own 12.07% of the company’s stock.

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.