Moonpig Group (LON:MOON) Stock Price Down 1% - What's Next?

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 share price traded down 1% during mid-day trading on Wednesday . The company traded as low as GBX 205.16 ($2.77) and last traded at GBX 206.95 ($2.80). 1,092,799 shares traded hands during trading, a decline of 45% from the average session volume of 1,983,083 shares. The stock had previously closed at GBX 209 ($2.83).

Analysts Set New Price Targets

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut Moonpig Group to a "hold" rating and reduced their price target for the stock from GBX 290 to GBX 235 in a research report on Friday, July 4th. Shore Capital restated a "not rated" rating on shares of Moonpig Group in a report on Thursday, June 26th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 330 price target on shares of Moonpig Group in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 274.75.

Moonpig Group Price Performance

The stock has a 50 day moving average price of GBX 220.71 and a 200-day moving average price of GBX 224.45. The stock has a market capitalization of £702.44 million, a price-to-earnings ratio of 20.74 and a beta of 1.24. The company has a debt-to-equity ratio of 3,511.31, a current ratio of 0.24 and a quick ratio of 0.46.

Insider Transactions at Moonpig Group

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 value of £111,797.85. Also, insider Nickyl Raithatha sold 87,950 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 £189,092.50. 4.31% of the stock is owned by corporate insiders.

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.