dotdigital Group (LON:DOTD) Shares Pass Below 200 Day Moving Average – Here’s Why

dotdigital Group Plc (LON:DOTD) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 57.36 and traded as low as GBX 47.65. dotdigital Group shares last traded at GBX 49.50, with a volume of 745,579 shares.

Wall Street Analyst Weigh In

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

dotdigital Group Stock Performance

The company’s fifty day moving average is GBX 47.42 and its 200 day moving average is GBX 57.36. The company has a market capitalization of £150.11 million, a P/E ratio of 16.84, a P/E/G ratio of 11.36 and a beta of 1.45. The company has a current ratio of 3.11, a quick ratio of 3.94 and a debt-to-equity ratio of 1.46.

dotdigital Group (LON:DOTD) last released its quarterly earnings data 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%. As a group, equities analysts anticipate that dotdigital Group Plc will post 4.6030099 earnings per share for the current year.

Insider Activity at dotdigital Group

In other news, insider Thomas (Tom) Oliver Mullan bought 1,923 shares of the stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of GBX 52 per share, for a total transaction of £999.96. Also, insider John Conoley bought 10,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of GBX 53 per share, for a total transaction of £5,300. Insiders acquired a total of 29,081 shares of company stock worth $1,522,212 over the last quarter. Corporate insiders own 18.35% 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.