dotdigital Group (LON:DOTD) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

dotdigital Group Plc (LON:DOTD)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 57.36 and traded as low as GBX 47.65. dotdigital Group shares last traded at GBX 49.50, with a volume of 745,579 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 150 price target on shares of dotdigital Group in a research note on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, dotdigital Group currently has a consensus rating of “Buy” and an average target price of GBX 130.

dotdigital Group Price Performance

The company has a 50 day moving average of GBX 47.42 and a 200-day moving average of GBX 57.36. The firm has a market capitalization of £150.11 million, a P/E ratio of 16.84, a P/E/G ratio of 11.36 and a beta of 1.45. The company has a current ratio of 3.11, a quick ratio of 3.94 and a debt-to-equity ratio of 1.46.

dotdigital Group (LON:DOTD) last released its quarterly earnings results on Tuesday, March 10th. The company reported GBX 2.29 earnings per share (EPS) for the quarter. dotdigital Group had a return on equity of 8.80% and a net margin of 10.76%. On average, sell-side analysts predict that dotdigital Group Plc will post 4.6030099 EPS for the current year.

Insiders Place Their Bets

In related news, insider John Conoley bought 10,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average cost of GBX 53 per share, for a total transaction of £5,300. Also, insider Thomas (Tom) Oliver Mullan bought 1,923 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were bought at an average price of GBX 52 per share, with a total value of £999.96. Over the last quarter, insiders have bought 29,081 shares of company stock valued at $1,522,212. Corporate insiders own 18.34% of the company’s stock.

About dotdigital Group

Dotdigital Group plc (AIM: DOTD) is the leading SaaS provider of an AI-powered customer experience and data platform for intelligent, personalised marketing engagement at scale. Dotdigital’s customer experience and data platform (CXDP) combines the power of automation and AI to help businesses deliver hyper-relevant customer experiences at scale. With Dotdigital, marketing teams can unify and enrich their customer data, identify valuable customer segments, and deliver personalised cross-channel customer journeys that result in engagements, conversions, and loyalty.

Founded in 1999, Dotdigital is headquartered in London with offices in Manchester, Southampton, New York, Melbourne, Sydney, Singapore, Tokyo and Cape Town.