Dotdigital Executes Share Buyback to Reinforce Treasury Strategy

Dotdigital ( (GB:DOTD) ) has shared an update.

Dotdigital Group plc announced the repurchase of 150,000 ordinary shares on the London Stock Exchange as part of its ongoing Share Buyback Programme. The buyback, conducted through Canaccord Genuity Limited, aligns with the company’s strategy of treasury management and could enhance shareholder value, signaling confidence in its operations and market positioning. Shareholders may utilize updated figures for regulatory interest notifications, and further announcements related to the program are expected in the future.

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 (AIM: DOTD) is a leading SaaS provider focusing on cross-channel marketing automation technology. Its customer experience and data platform (CXDP) leverages automation and AI to help businesses deliver personalized customer journeys at scale. Founded in 1999, Dotdigital operates globally with offices in multiple cities, serving over 4,000 brands across 150 countries.

Average Trading Volume: 783,120

Technical Sentiment Signal: Sell

Current Market Cap: £200.1M

Find detailed analytics on DOTD stock on TipRanks’ Stock Analysis page.