Kooth plc (LON:KOO) Insider Acquires £32,000 in Stock

Kooth plc (LON:KOO) insider Timothy John Barker purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average cost of GBX 160 ($2.07) per share, for a total transaction of £32,000 ($41,499.16).

Kooth Stock Performance

Shares of KOO opened at GBX 173.05 ($2.24) on Friday. Kooth plc has a 52-week low of GBX 157 ($2.04) and a 52-week high of GBX 354 ($4.59). The stock’s 50-day simple moving average is GBX 291.34 and its 200 day simple moving average is GBX 297.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 2.19. The stock has a market capitalization of £63.13 million, a price-to-earnings ratio of 1,442.08 and a beta of 0.71.

Wall Street Analyst Weigh In

Several research firms have commented on KOO. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 580 ($7.52) price objective on shares of Kooth in a report on Tuesday, September 17th. Berenberg Bank reiterated a “buy” rating and issued a GBX 590 ($7.65) price objective on shares of Kooth in a research note on Tuesday, September 17th.

About Kooth

Kooth plc, together with its subsidiaries, provides digital mental health services to children, young people, and adults in the United Kingdom. It operates online platforms that offers various therapeutic support and interventions, including anonymous and personalised mental health support; and a community with a library of peer and professional created content, as well as provides online counselling, coaching, and support services under the Kooth, Qwell, and Soluna names.