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An announcement from Dotdigital ( (GB:DOTD) ) is now available.
Dotdigital Group plc has announced the purchase of 173,000 of its own shares as part of a Share Buyback Programme, with transactions executed on the London Stock Exchange. This move, involving a volume-weighted average price of 64.90 pence per share, is aimed at consolidating the company’s share capital and potentially enhancing shareholder value. The repurchased shares will be held in treasury, adjusting the total number of shares in issue and affecting shareholder calculations under regulatory guidelines. This strategic financial maneuver underscores Dotdigital’s commitment to optimizing its capital structure and may influence stakeholder perceptions positively.
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. This platform aids businesses in delivering personalized customer experiences at scale, unifying and enriching customer data, and facilitating targeted marketing efforts. Established in 1999 and headquartered in London, Dotdigital operates globally, serving over 4,000 brands across 150 countries.
Average Trading Volume: 799,631
Technical Sentiment Signal: Sell
Current Market Cap: £201M
For detailed information about DOTD stock, go to TipRanks’ Stock Analysis page.