Ocado Group (LON:OCDO) Insider Tim Steiner Acquires 74 Shares of Stock

Key Points

• Ocado Group insider Tim Steiner purchased 74 shares at GBX 204 each, for a total of £150.96. He also bought shares in July and August, bringing his recent purchases to 222 shares.
• Ocado shares rose 2.8% to GBX 212.56 during midday trading, with the company valued at approximately £1.78 billion. The stock remains unprofitable, reporting quarterly EPS of negative GBX 3.90 and a negative net margin.
• Analysts remain broadly positive, with Ocado holding a consensus “Buy” rating and a GBX 300 target price; Deutsche Bank and JPMorgan have issued targets of GBX 310 and GBX 290, respectively.

Ocado Group plc (LON:OCDO - Get Free Report) insider Tim Steiner acquired 74 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of GBX 204 per share, with a total value of £150.96.

Tim Steiner also recently made the following trade(s):

• On Monday, August 17th, Tim Steiner bought 61 shares of Ocado Group stock. The shares were acquired at an average price of GBX 243 per share, with a total value of £148.23.
• On Wednesday, July 15th, Tim Steiner bought 87 shares of Ocado Group stock. The shares were acquired at an average cost of GBX 172 per share, for a total transaction of £149.64.

Ocado Group Trading Up 2.8%

Shares of LON OCDO traded up GBX 5.76 during midday trading on Wednesday, hitting GBX 212.56. The company's stock had a trading volume of 693,232 shares, compared to its average volume of 21,422,504. Ocado Group plc has a 12-month low of GBX 140.30 and a 12-month high of GBX 299.30. The company has a current ratio of 1.41, a quick ratio of 2.81 and a debt-to-equity ratio of 110.64. The firm has a market cap of £1.78 billion, a P/E ratio of -7.02 and a beta of 2.41. The business's 50 day moving average is GBX 211 and its two-hundred day moving average is GBX 200.64.

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

Wall Street Analyst Weigh In

OCDO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 310 price target on shares of Ocado Group in a research note on Monday, June 1st. JPMorgan Chase & Co. upped their target price on shares of Ocado Group from GBX 245 to GBX 290 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ocado Group presently has an average rating of "Buy" and a consensus target price 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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