Moonpig Group (LON:MOON) Trading Down 0.4% - What's Next?

Key Points

• Moonpig Group's stock price decreased by 0.4%, trading around GBX 210.22 ($2.81) with a significant drop in trading volume, down 66% from its average.
• Analysts have mixed sentiments, with Deutsche Bank downgrading the stock to a "hold" and lowering the price target, while Berenberg Bank maintains a "buy" rating with a higher target of GBX 330 ($4.41).
• Insider selling occurred recently, with two executives selling over 139,000 shares at an average price of GBX 215 ($2.87), indicating potential concerns among internal stakeholders.

Moonpig Group PLC (LON:MOON - Get Free Report)'s share price was down 0.4% during trading on Tuesday . The stock traded as low as GBX 209 ($2.77) and last traded at GBX 210.22 ($2.79). Approximately 723,789 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 2,110,454 shares. The stock had previously closed at GBX 211 ($2.80).

Analysts Set New Price Targets

Several equities analysts recently commented on MOON shares. Deutsche Bank Aktiengesellschaft lowered Moonpig Group to a "hold" rating and dropped their target price for the company from GBX 290 ($3.85) to GBX 235 ($3.12) in a research note on Friday, July 4th. Berenberg Bank reiterated a "buy" rating and issued a GBX 330 ($4.38) target price on shares of Moonpig Group in a research note on Friday, May 2nd. Finally, Shore Capital reaffirmed a "not rated" rating on shares of Moonpig Group in a research report on Thursday, June 26th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 274.75 ($3.65).

Moonpig Group Trading Down 0.9%

The firm has a market cap of £721.55 million, a P/E ratio of 21.31 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 firm has a fifty day moving average of GBX 232.62 and a 200-day moving average of GBX 225.15.

Insider Activity at Moonpig Group

In related news, insider Andy MacKinnon sold 51,999 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of GBX 215 ($2.85), for a total value of £111,797.85 ($148,391.09). Also, insider Nickyl Raithatha sold 87,950 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of GBX 215 ($2.85), for a total value of £189,092.50 ($250,985.53). Company insiders own 4.31% of the company's stock.

About Moonpig Group

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.