The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksdotDigital Group Share News (DOTD)

Share Price Information for dotDigital Group (DOTD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 100.00
Bid: 99.90
Ask: 100.40
Change: 3.10 (3.20%)
Spread: 0.50 (0.501%)
Open: 96.90
High: 100.40
Low: 96.70
Prev. Close: 96.90
DOTD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Canaccord Genuity lowers target price on DotDigital

Wed, 16th Nov 2022 09:23

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on software firm DotDigital from 170.0p to 140.0p on Wednesday following the group's 2022 full-year results.

DotDigital's FY earnings revealed 8% organic growth, predominantly driven by its Asia Pacific operations and sales via third-party channels/connectors, while its Europe, Middle East, and Africa division and its US wind faced "well-flagged slower growth trajectories".

Adjusted underlying earnings and pre-tax profits of £14.5m were 4% ahead of Canaccord's forecast, supported by flat gross margins of roughly 82% and "modest" 6% opex growth.

The Canadian bank, which reiterated its 'buy' rating on the stock, believes that the soft macro environment, plus downgraded growth expectations at most US MarTech peers, had caused investor concern around the group's 2023 outlook.

However, it also noted that it was encouraged by management's decision to reiterate guidance of "continued profitable growth", with a return to double-digit percentage expansion expected in the mid-term.

"We have tweaked our sales, EPS, and net cash forecasts upward to account for the FY22 revenue, profit and cash flow beats. With improving visibility on continued high-single-digit growth we would expect the shares' current material discount to listed peers to start narrowing over time and eventually close," said Canaccord.

"Our new 140.0p target is reduced from 170.0p, reflecting the recent de-rating of the listed peer group, but offers close to 70% upside potential for the shares. We base it on a blend of 4x EV/Sales and 24x ex-cash P/E multiples on a calendar 2023E basis, both in line with the listed peer group."

Reporting by Iain Gilbert at Sharecast.com

More News
3 Apr 2019 08:46

DotDigital chairman resigns due to 'private matters' in other directorship

(Sharecast News) - Marketing automation and customer engagement outfit DotDigital's chairman Richard Kellett-Clarke stood down from the group on Wednesday, effective immediately.

Read more
26 Mar 2019 14:22

dotDigital Group Chair To Step Down After Taking Up New CEO Role

LONDON (Alliance News) - Software company dotDigital Group PLC on Tuesday said Chair Frank Beechinor-Collins will step down from his role after eight years.Beechinor-Collins decided to his

Read more
19 Feb 2019 12:48

Tuesday broker round-up

(Sharecast News) - Asiamet Resources: Berenberg reiterates buy with a target price of 13p.

Read more
19 Feb 2019 12:21

DotDigital's revenues spurred upward by US expansion

(Sharecast News) - DotDigital Group climbed on Tuesday after reporting a jump in interim revenues and profits as new customer wins and its North American expansion fuel the company's progress.

Read more
19 Feb 2019 09:27

dotdigital Confident Going Forward After Solid Interim Performance

LONDON (Alliance News) - dotdigital Group PLC on Tuesday reported strong organic revenue growth in the first half of its year, with profit likewise increasing.Software-as-a-service firm a a

Read more
12 Feb 2019 15:57

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 13 February Smurfit KappaFull Year ResultsTullow Oil Full Year Healthcare

Read more
22 Jan 2019 11:15

DotDigital earnings hindered by soft performance from newly acquired unit

(Sharecast News) - Software-as-a-service provider DotDigital saw earnings grow in line with expectations during the first half of its trading year as a lacklustre performance from a recent acquisition offset strong performances elsewhere.

Read more
22 Jan 2019 11:15

DotDigital earnings hindered by soft performance from newly acquired unit

(Sharecast News) - Software-as-a-service provider DotDigital saw earnings grow in line with expectations during the first half of its trading year as a lacklustre performance from a recent acquisition offset strong performances elsewhere.

Read more
22 Jan 2019 10:29

dotDigital Guides For Strong Interim Revenue Growth, Earnings In Line

LONDON (Alliance News) - dotDigital Group PLC on Tuesday said it expects to report a significant increase in interim revenue after expanding both locally and internationally.For the six to

Read more
11 Dec 2018 15:55

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 12 DecemberBlancco Technology GroupBellwayVolution Shopping REIT (re voluntary 13 Asian 14 to

Read more
16 Oct 2018 09:04

DotDigital turns in double-digit growth in both revenues and profits

(Sharecast News) - DotDigital reported strong growth in both revenues and profits from its last trading year as a result of the marketing outfit's organic growth strategy.

Read more
9 Oct 2018 15:59

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 10 October Marston'sTrading Statement PageGroupTrading Year Asset 11

Read more
19 Jul 2018 10:49

WINNERS & LOSERS SUMMARY: Sports Direct Slides On Debenhams Hit

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Royal Dutch up 1.4%,

Read more
19 Jul 2018 10:25

dotDigital Shares Soar On Expected Annual Revenue Increase

LONDON (Alliance News) - dotDigital Group PLC shares spiked on Thursday as the company said it expects annual revenue to grow by 35%.Shares in the omnichannel marketing platform provider at

Read more
27 Mar 2018 17:57

DIRECTOR DEALINGS SUMMARY: dotDigital Founder Sells 2 Million Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.----------Web marketing company dotDigital Group said Co-Founder Simon Bird 2.0

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.