Moonpig Group (LON:MOON) Trading Down 1% - Should You Sell?

Key Points

• Moonpig Group's shares fell 1% during trading on Wednesday, closing at GBX 206.95 ($2.78) with a significantly lower trading volume compared to the average.
• Analyst ratings indicate a mixed outlook, with Berenberg Bank maintaining a "buy" rating and a target price of GBX 330, while Deutsche Bank downgraded their rating to "hold" and reduced their target price to GBX 235.
• Insider selling included notable transactions from two executives, with Andy MacKinnon and Nickyl Raithatha selling a total of approximately £300,000 worth of shares at an average price of GBX 215.

Moonpig Group PLC (LON:MOON - Get Free Report)'s stock price dropped 1% on Wednesday . The company traded as low as GBX 205.16 ($2.77) and last traded at GBX 206.95 ($2.79). Approximately 1,092,799 shares were traded during trading, a decline of 45% from the average daily volume of 1,983,083 shares. The stock had previously closed at GBX 209 ($2.82).

Wall Street Analyst Weigh In

MOON has been the topic of a number of recent analyst reports. Shore Capital reaffirmed a "not rated" rating on shares of Moonpig Group in a research note on Thursday, June 26th. Deutsche Bank Aktiengesellschaft cut shares of Moonpig Group to a "hold" rating and lowered their price objective for the company from GBX 290 to GBX 235 in a research note on Friday, July 4th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 330 price objective on shares of Moonpig Group in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Moonpig Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 274.75.

Moonpig Group Stock Performance

The firm has a market capitalization of £692.67 million, a PE ratio of 20.45 and a beta of 1.24. The company has a debt-to-equity ratio of 3,511.31, a quick ratio of 0.46 and a current ratio of 0.24. The company's fifty day moving average price is GBX 219.01 and its two-hundred day moving average price is GBX 224.20.

Insider Activity

In other news, insider Andy MacKinnon sold 51,999 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of GBX 215, for a total transaction of £111,797.85. Also, insider Nickyl Raithatha sold 87,950 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of GBX 215, for a total transaction of £189,092.50. Corporate insiders own 4.31% of the company's stock.

Moonpig Group Company Profile

Moonpig Group plc is a leading online greeting card and gifting platform, comprising the Moonpig, Buyagift and Red Letter Days brands in the UK and the Greetz brand in the Netherlands. The Group is the online market leader in cards in both of its core markets and is also the UK market leader in gift experiences.