Stephen Daintith Purchases 74 Shares of Ocado Group (LON:OCDO) Stock

Key Points

• Insider buying: Ocado director Stephen Daintith purchased 74 shares at GBX 204 each, investing £150.96. He has also made two similar purchases since July.
• Share performance: Ocado shares rose 2.8% to GBX 212.56, with the stock trading between a 1-year range of GBX 140.30 and GBX 299.30.
• Analyst outlook: Analysts maintain a positive view, with an average “Buy” rating and a consensus price target of GBX 300; however, Ocado continues to report negative profitability metrics.

Ocado Group plc (LON:OCDO - Get Free Report) insider Stephen Daintith bought 74 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of GBX 204 per share, for a total transaction of £150.96.

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

• On Monday, August 17th, Stephen Daintith purchased 61 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 243 per share, with a total value of £148.23.
• On Wednesday, July 15th, Stephen Daintith purchased 87 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 172 per share, with a total value of £149.64.

Ocado Group Stock Up 2.8%

LON OCDO traded up GBX 5.76 during mid-day trading on Wednesday, reaching GBX 212.56. 693,232 shares of the company's stock traded hands, compared to its average volume of 21,422,504. The company has a current ratio of 1.41, a quick ratio of 2.81 and a debt-to-equity ratio of 110.64. Ocado Group plc has a 1-year low of GBX 140.30 and a 1-year high of GBX 299.30. The company has a fifty day simple moving average of GBX 211 and a 200-day simple moving average of GBX 200.64. The company has a market cap of £1.78 billion, a price-to-earnings ratio of -7.02 and a beta of 2.41.

Ocado Group (LON:OCDO - Get Free Report) last announced 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 Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 310 price objective on shares of Ocado Group in a report on Monday, June 1st. JPMorgan Chase & Co. increased their price target on shares of Ocado Group from GBX 245 to GBX 290 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ocado Group presently has an average rating of "Buy" and a consensus 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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