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Dotdigital ( (GB:DOTD) ) has issued an update.
Dotdigital Group plc has announced a share buyback transaction, purchasing 135,000 ordinary shares at a price of 65 pence each on the London Stock Exchange. This move is part of their ongoing Share Buyback Programme, which aims to manage the company’s capital structure effectively. The repurchased shares will be held in treasury, and the total number of shares in issue will be adjusted accordingly. This strategic decision is expected to impact the company’s financial metrics and shareholder value positively, aligning with regulatory requirements and potentially enhancing market confidence.
The most recent analyst rating on (GB:DOTD) stock is a Hold with a £78.00 price target. To see the full list of analyst forecasts on Dotdigital stock, see the GB:DOTD Stock Forecast page.
Spark’s Take on GB:DOTD Stock
According to Spark, TipRanks’ AI Analyst, GB:DOTD is a Neutral.
Dotdigital’s strong financial performance and positive corporate events are key strengths, indicating a solid foundation and strategic growth initiatives. However, the technical indicators and valuation raise concerns about current market sentiment and stock performance, making the overall stock score moderately positive.
To see Spark’s full report on GB:DOTD stock, click here.
More about Dotdigital
Dotdigital Group plc is a leading provider of cross-channel marketing automation technology, offering a customer experience and data platform (CXDP) that leverages automation and AI. The company helps businesses deliver personalized customer experiences at scale, enabling marketing teams to unify and enrich customer data, identify valuable segments, and create engaging customer journeys. Founded in 1999 and headquartered in London, Dotdigital operates globally with offices in major cities and serves over 4,000 brands across 150 countries.
Average Trading Volume: 799,631
Technical Sentiment Signal: Sell
Current Market Cap: £201M
See more data about DOTD stock on TipRanks’ Stock Analysis page.