dotdigital Group (LON:DOTD) Share Price Passes Below 200-Day Moving Average – Here’s Why

dotdigital Group Plc (LON:DOTD) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 60.53 and traded as low as GBX 46. dotdigital Group shares last traded at GBX 46.94, with a volume of 624,044 shares.

Analyst Upgrades and Downgrades

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

dotdigital Group Trading Up 1.1%

The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.94 and a current ratio of 3.11. The company has a 50 day simple moving average of GBX 49.55 and a two-hundred day simple moving average of GBX 60.53. The company has a market cap of £141.92 million, a PE ratio of 15.92, a PEG ratio of 11.36 and a beta of 1.51.

dotdigital Group (LON:DOTD) last released its earnings results on Tuesday, March 10th. The company reported GBX 2.29 earnings per share for the quarter. dotdigital Group had a return on equity of 8.80% and a net margin of 10.76%. Sell-side analysts forecast that dotdigital Group Plc will post 4.6030099 EPS for the current year.

Insider Activity

In other dotdigital Group news, insider John Conoley bought 10,000 shares of the stock in a transaction on 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 bought 17,158 shares of the stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of GBX 52 per share, for a total transaction of £8,922.16. In the last ninety days, insiders have acquired 29,081 shares of company stock worth $1,522,212. Company insiders own 18.34% of the company’s stock.

About dotdigital Group

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.