On the Beach Group (LON:OTB) Trading Down 14.5% – Time to Sell?

On the Beach Group plc (LON:OTB)’s stock price dropped 14.5% during trading on Tuesday . The stock traded as low as GBX 141 and last traded at GBX 145. Approximately 17,065,641 shares were traded during trading, an increase of 1,086% from the average daily volume of 1,439,287 shares. The stock had previously closed at GBX 169.60.

Analyst Ratings Changes

OTB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 345 target price on shares of On the Beach Group in a report on Thursday, April 9th. Shore Capital Group reaffirmed a “hold” rating on shares of On the Beach Group in a report on Thursday, March 12th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 330 price target on shares of On the Beach Group in a report on Monday, January 19th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 308.

On the Beach Group Price Performance

The company has a market cap of £206.34 million, a P/E ratio of 9.43, a PEG ratio of 0.71 and a beta of 1.35. The company has a fifty day simple moving average of GBX 172.75 and a 200-day simple moving average of GBX 198.58. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.28 and a quick ratio of 0.83.

On the Beach Group (LON:OTB) last posted its quarterly earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 5,220 million for the quarter. On the Beach Group had a return on equity of 5.43% and a net margin of 7.08%. On average, sell-side analysts predict that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

Insider Activity

In related news, insider Shaun Morton purchased 991 shares of the company’s stock in a transaction on Monday, April 20th. The shares were bought at an average price of GBX 185 per share, with a total value of £1,833.35. Corporate insiders own 9.03% of the company’s stock.

On the Beach Group Company Profile

On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.

Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market. Our model is customer-centric, asset light, profitable and cash generative.