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

dotdigital Group Plc (LON:DOTD) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

dotdigital Group Stock Performance

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

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

Insider Activity

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