dotdigital Group (LON:DOTD) Share Price Passes Below 200-Day Moving Average – Time to Sell?

dotdigital Group Plc (LON:DOTD) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 63.92 and traded as low as GBX 43.30. dotdigital Group shares last traded at GBX 44.90, with a volume of 1,472,329 shares changing hands.

Wall Street Analysts Forecast Growth

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

dotdigital Group Stock Down 2.4%

The stock has a 50-day moving average price of GBX 57.92 and a 200-day moving average price of GBX 63.66. The company has a debt-to-equity ratio of 1.46, a current ratio of 3.11 and a quick ratio of 3.94. The company has a market capitalization of £137.37 million, a P/E ratio of 12.76, a P/E/G ratio of 11.36 and a beta of 1.50.

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

Insiders Place Their Bets

In other news, insider John Conoley bought 10,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of GBX 53 per share, for a total transaction of £5,300. Also, insider Thomas (Tom) Oliver Mullan bought 17,158 shares of dotdigital Group stock in a transaction dated Thursday, March 12th. The stock was acquired at an average cost of GBX 52 per share, with a total value of £8,922.16. Insiders have acquired a total of 29,081 shares of company stock worth $1,522,212 over the last ninety days. 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.