dotdigital Group (LON:DOTD) Stock Crosses Below 200-Day Moving Average – What’s Next?

dotdigital Group Plc (LON:DOTD) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 69.45 and traded as low as GBX 64.80. dotdigital Group shares last traded at GBX 67, with a volume of 91,649 shares traded.

Wall Street Analysts Forecast Growth

DOTD has been the subject of several recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 150 target price on shares of dotdigital Group in a research report on Tuesday, November 4th. Peel Hunt reaffirmed a “buy” rating and set a GBX 110 target price on shares of dotdigital Group in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 130.

dotdigital Group Stock Up 3.4%

The company has a debt-to-equity ratio of 3.24, a current ratio of 3.05 and a quick ratio of 3.94. The firm has a 50-day simple moving average of GBX 66.70 and a 200 day simple moving average of GBX 69.43. The stock has a market capitalization of £206.22 million, a P/E ratio of 18.87, a P/E/G ratio of 11.36 and a beta of 1.16.

dotdigital Group (LON:DOTD) last released its quarterly earnings results on Tuesday, November 4th. The company reported GBX 4.93 EPS for the quarter. dotdigital Group had a return on equity of 11.80% and a net margin of 14.01%. On average, equities research analysts forecast that dotdigital Group Plc will post 4.6030099 EPS for the current year.

Insiders Place Their Bets

In other news, insider John Conoley acquired 13,000 shares of dotdigital Group stock in a transaction on Wednesday, November 12th. The stock was purchased at an average price of GBX 70 per share, with a total value of £9,100. Over the last 90 days, insiders purchased 33,000 shares of company stock worth $2,200,000. 18.17% of the stock is currently owned by corporate insiders.

dotdigital Group Company Profile

Dotdigital Group plc (AIM: DOTD) is a leading provider of cross-channel marketing automation technology to marketing professionals. 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.