dotdigital Group (LON:DOTD) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of dotdigital Group Plc (LON:DOTD) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 59.78 and traded as low as GBX 46.50. dotdigital Group shares last traded at GBX 47.85, with a volume of 1,102,545 shares changing hands.

Analyst Ratings Changes

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

dotdigital Group Stock Down 0.3%

The firm has a market capitalization of £144.65 million, a PE ratio of 16.22, a price-to-earnings-growth ratio of 11.36 and a beta of 1.45. The firm’s 50-day moving average is GBX 48.21 and its 200 day moving average is GBX 59.78. The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.94 and a current ratio of 3.11.

dotdigital Group (LON:DOTD) last posted its earnings results on Tuesday, March 10th. The company reported GBX 2.29 earnings per share for the quarter. dotdigital Group had a net margin of 10.76% and a return on equity of 8.80%. As a group, research analysts forecast that dotdigital Group Plc will post 4.6030099 earnings per share for the current fiscal year.

Insider Activity at dotdigital Group

In related news, insider Thomas (Tom) Oliver Mullan purchased 17,158 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was bought at an average price of GBX 52 per share, with a total value of £8,922.16. Also, insider John Conoley bought 10,000 shares of dotdigital Group stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of GBX 53 per share, for a total transaction of £5,300. Insiders have purchased a total of 29,081 shares of company stock valued at $1,522,212 over the last 90 days. Insiders own 18.34% of the company’s stock.

dotdigital Group Company Profile

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.