Ocado Group (LON:OCDO) Insider Buys £149.64 in Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith purchased 87 shares of the business’s stock in a transaction on Wednesday, July 15th. The stock was acquired at an average cost of GBX 172 per share, with a total value of £149.64.

Stephen Daintith also recently made the following trade(s):

• On Friday, June 12th, Stephen Daintith acquired 76 shares of Ocado Group stock. The shares were acquired at an average price of GBX 198 per share, with a total value of £150.48.
• On Friday, May 15th, Stephen Daintith acquired 81 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 185 per share, for a total transaction of £149.85.

Ocado Group Stock Up 3.8%

OCDO stock opened at GBX 165.20 on Friday. The company has a debt-to-equity ratio of 110.64, a current ratio of 1.41 and a quick ratio of 2.81. The firm has a 50 day simple moving average of GBX 190.13 and a 200 day simple moving average of GBX 208.28. Ocado Group plc has a 12 month low of GBX 140.30 and a 12 month high of GBX 397.90. The firm has a market cap of £1.38 billion, a PE ratio of 3.39 and a beta of 2.39.

Ocado Group (LON:OCDO) last released its earnings results on Thursday, July 16th. The company reported GBX (3.90) earnings per share for the quarter. Ocado Group had a negative return on equity of 15.94% and a negative net margin of 14.29%.

Key Ocado Group News

Here are the key news stories impacting Ocado Group this week:

• Neutral Sentiment: Ocado reported quarterly earnings with EPS of GBX (3.90), but the market appeared to focus more on the company’s ongoing challenges and execution outlook than on the headline numbers. Ocado Group earnings report
• Neutral Sentiment: Insider buying by Tim Steiner and Stephen Daintith, each purchasing 87 shares at GBX 172, may signal confidence, but the trades were very small and likely have limited direct impact on the stock. Insider buying alert
• Neutral Sentiment: JPMorgan Chase & Co. cut its price target on Ocado to GBX 245 from GBX 290, but kept an overweight rating, which suggests continued long-term optimism even as near-term expectations are trimmed. JPMorgan price target update
• Negative Sentiment: Reports that Ocado shares hit a 13-year low amid weak progress in winning new U.S. partners likely weighed on sentiment, as investors remain concerned about growth prospects and commercialization momentum. Ocado shares hit 13-year low report

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OCDO shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 310 price objective on shares of Ocado Group in a research report on Monday, June 1st. JPMorgan Chase & Co. reduced their target price on Ocado Group from GBX 290 to GBX 245 and set an “overweight” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ocado Group presently has an average rating of “Buy” and an average price target of GBX 277.50.

Ocado Group Company Profile

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.