Stephen Daintith Acquires 87 Shares of Ocado Group (LON:OCDO) Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith purchased 87 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average cost of GBX 172 per share, with a total value of £149.64.

Stephen Daintith also recently made the following trade(s):

• On Friday, June 12th, Stephen Daintith bought 76 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 198 per share, with a total value of £150.48.
• On Friday, May 15th, Stephen Daintith purchased 81 shares of Ocado Group stock. The stock was acquired at an average price of GBX 185 per share, for a total transaction of £149.85.

Ocado Group Stock Up 3.8%

Shares of OCDO stock opened at GBX 165.20 on Friday. The firm’s fifty day moving average price is GBX 190.13 and its two-hundred day moving average price is GBX 208.28. The company has a current ratio of 1.41, a quick ratio of 2.81 and a debt-to-equity ratio of 110.64. Ocado Group plc has a 1 year low of GBX 140.30 and a 1 year high of GBX 397.90. The firm has a market capitalization of £1.38 billion, a P/E ratio of 3.39 and a beta of 2.39.

Ocado Group (LON:OCDO) last posted its quarterly earnings data on Thursday, July 16th. The company reported GBX (3.90) EPS for the quarter. Ocado Group had a negative return on equity of 15.94% and a negative net margin of 14.29%.

Ocado Group News Roundup

Here are the key news stories impacting Ocado Group this week:

• Neutral Sentiment: Ocado reported quarterly earnings with EPS of GBX (3.90), but the market appeared to focus more on the company’s ongoing challenges and execution outlook than on the headline numbers. Ocado Group earnings report
• Neutral Sentiment: Insider buying by Tim Steiner and Stephen Daintith, each purchasing 87 shares at GBX 172, may signal confidence, but the trades were very small and likely have limited direct impact on the stock. Insider buying alert
• Neutral Sentiment: JPMorgan Chase & Co. cut its price target on Ocado to GBX 245 from GBX 290, but kept an overweight rating, which suggests continued long-term optimism even as near-term expectations are trimmed. JPMorgan price target update
• Negative Sentiment: Reports that Ocado shares hit a 13-year low amid weak progress in winning new U.S. partners likely weighed on sentiment, as investors remain concerned about growth prospects and commercialization momentum. Ocado shares hit 13-year low report

Analyst Ratings Changes

Several equities analysts recently weighed in on OCDO shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 310 target price on shares of Ocado Group in a research note on Monday, June 1st. JPMorgan Chase & Co. cut their price target on shares of Ocado Group from GBX 290 to GBX 245 and set an “overweight” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 277.50.

Ocado Group Company Profile

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.