dotdigital Group (LON:DOTD) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of dotdigital Group Plc (LON:DOTD) passed 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.

Analyst Upgrades and Downgrades

DOTD has been the subject of several recent analyst reports. Peel Hunt restated a “buy” rating and set a GBX 110 target price on shares of dotdigital Group in a research report on Tuesday, November 4th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 150 price objective on shares of dotdigital Group in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 130.

dotdigital Group Price Performance

The company has a market capitalization of £206.22 million, a PE ratio of 18.87, a price-to-earnings-growth ratio of 11.36 and a beta of 1.16. The company has a quick ratio of 3.94, a current ratio of 3.05 and a debt-to-equity ratio of 3.24. The firm’s 50-day moving average is GBX 66.65 and its 200-day moving average is GBX 69.45.

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

Insider Buying and Selling at dotdigital Group

In other news, insider John Conoley bought 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average price of GBX 70 per share, for a total transaction of £9,100. Over the last 90 days, insiders bought 33,000 shares of company stock worth $2,200,000. Company insiders own 18.17% of the company’s stock.

About dotdigital Group

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.