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

Shares of dotdigital Group Plc (LON:DOTD) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 58.10 and traded as low as GBX 47.55. dotdigital Group shares last traded at GBX 48.80, with a volume of 1,626,618 shares traded.

Wall Street Analyst Weigh In

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

dotdigital Group Stock Up 2.5%

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 firm’s 50-day moving average price is GBX 47.04 and its 200 day moving average price is GBX 58.04. The firm has a market cap of £151.62 million, a P/E ratio of 17.01, a PEG ratio of 11.36 and a beta of 1.45.

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, equities research analysts expect that dotdigital Group Plc will post 4.6030099 earnings per share for the current fiscal year.

Insider Activity

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