Ocado Group (LON:OCDO) Insider Acquires 50 Shares of Company Stock

Key Points

• Ocado Group insider Stephen Daintith bought 50 shares at GBX 302 each, investing £151. This follows purchases of 74 shares in September and 61 shares in August.
• Ocado shares fell 3.0% to GBX 291 during Friday trading, while the company continues to report weak profitability, including negative earnings and a negative net margin.
• Analyst sentiment remains positive: JPMorgan raised its price target to GBX 290, and Ocado has an overall “Buy” rating with an average price target of GBX 300.

Ocado Group plc (LON:OCDO - Get Free Report) insider Stephen Daintith bought 50 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The stock was bought at an average price of GBX 302 per share, for a total transaction of £151.

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

• On Tuesday, September 15th, Stephen Daintith bought 74 shares of Ocado Group stock. The stock was purchased at an average cost of GBX 204 per share, for a total transaction of £150.96.
• On Monday, August 17th, Stephen Daintith purchased 61 shares of Ocado Group stock. The shares were purchased at an average price of GBX 243 per share, for a total transaction of £148.23.

Ocado Group Trading Down 3.0%

Shares of LON:OCDO traded down GBX 9 during mid-day trading on Friday, hitting GBX 291. The stock had a trading volume of 10,087,094 shares, compared to its average volume of 19,413,656. The company has a debt-to-equity ratio of 110.64, a quick ratio of 2.81 and a current ratio of 1.41. The company has a market cap of £2.43 billion, a PE ratio of -9.60 and a beta of 2.41. Ocado Group plc has a 12-month low of GBX 140.30 and a 12-month high of GBX 316.40. The company's 50 day moving average is GBX 241.63 and its 200-day moving average is GBX 209.99.

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price target on Ocado Group from GBX 245 to GBX 290 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Ocado Group currently has an average rating of "Buy" and an average price target of GBX 300.

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.

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