dotdigital Group (LON:DOTD) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

dotdigital Group Plc (LON:DOTD) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 59.02 and traded as low as GBX 48.40. dotdigital Group shares last traded at GBX 49.50, with a volume of 2,127,800 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 150 price objective on shares of dotdigital Group in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 130.

dotdigital Group Stock Performance

The stock has a market cap of £148.74 million, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 11.36 and a beta of 1.45. The firm’s 50-day moving average is GBX 47.09 and its two-hundred day moving average is GBX 58.82. The company has a quick ratio of 3.94, a current ratio of 3.11 and a debt-to-equity ratio of 1.46.

dotdigital Group (LON:DOTD) last issued its quarterly earnings data on Tuesday, March 10th. The company reported GBX 2.29 earnings per share for the quarter. dotdigital Group had a net margin of 10.76% and a return on equity of 8.80%. As a group, research analysts expect that dotdigital Group Plc will post 4.6030099 EPS for the current year.

Insider Buying and Selling

In other news, insider John Conoley purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average price of GBX 53 per share, with a total value of £5,300. Also, insider Thomas (Tom) Oliver Mullan purchased 17,158 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average cost of GBX 52 per share, for a total transaction of £8,922.16. In the last three months, insiders bought 29,081 shares of company stock worth $1,522,212. Insiders own 18.34% of the company’s stock.

dotdigital Group Company Profile

Dotdigital Group plc (AIM: DOTD) is the leading SaaS provider of an AI-powered customer experience and data platform for intelligent, personalised marketing engagement at scale. Dotdigital’s customer experience and data platform (CXDP) combines the power of automation and AI to help businesses deliver hyper-relevant customer experiences at scale. With Dotdigital, marketing teams can unify and enrich their customer data, identify valuable customer segments, and deliver personalised cross-channel customer journeys that result in engagements, conversions, and loyalty.

Founded in 1999, Dotdigital is headquartered in London with offices in Manchester, Southampton, New York, Melbourne, Sydney, Singapore, Tokyo and Cape Town.