dotdigital Group (LON:DOTD) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Share price broke below its 200‑day moving average, trading as low as GBX 46 and last at GBX 46.94 versus the 200‑day MA of GBX 60.53 on volume of 624,044 shares.
• Analysts remain bullish: Canaccord reiterated a Buy with a GBX 150 price target and the MarketBeat consensus rating is Buy with a GBX 130 target.
• Insiders have been buying (29,081 shares bought in the past three months, insiders own 18.34%), and the company shows strong liquidity (quick ratio 3.94, current ratio 3.11) with last quarter EPS of GBX 2.29.

dotdigital Group Plc (LON:DOTD - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 60.53 and traded as low as GBX 46. dotdigital Group shares last traded at GBX 46.94, with a volume of 624,044 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued 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, the company has a consensus rating of "Buy" and a consensus price target of GBX 130.

dotdigital Group Trading Up 1.1%

The company has a quick ratio of 3.94, a current ratio of 3.11 and a debt-to-equity ratio of 1.46. The firm's 50-day simple moving average is GBX 49.55 and its 200 day simple moving average is GBX 60.53. The stock has a market capitalization of £141.92 million, a P/E ratio of 15.92, a PEG ratio of 11.36 and a beta of 1.51.

dotdigital Group (LON:DOTD - Get Free Report) 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%. Equities research analysts anticipate that dotdigital Group Plc will post 4.6030099 EPS for the current fiscal year.

Insider Transactions at dotdigital Group

In related news, insider John Conoley purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of GBX 53 per share, with a total value of £5,300. Also, insider Thomas (Tom) Oliver Mullan purchased 17,158 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average cost of GBX 52 per share, for a total transaction of £8,922.16. Insiders purchased a total of 29,081 shares of company stock worth $1,522,212 in the last three months. 18.34% of the stock is currently owned by company insiders.

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.

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