Insider Buying: Team Internet Group plc (LON:TIG) Insider Purchases £41,000 in Stock

Team Internet Group plc (LON:TIG) insider Max Royde acquired 50,000 shares of Team Internet Group stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of GBX 82 ($1.04) per share, for a total transaction of £41,000 ($51,977.69).

Max Royde also recently made the following trade(s):

• On Friday, November 15th, Max Royde bought 75,000 shares of Team Internet Group stock. The stock was bought at an average cost of GBX 85 ($1.08) per share, for a total transaction of £63,750 ($80,818.97).
• On Friday, October 11th, Max Royde purchased 7,000 shares of Team Internet Group stock. The stock was bought at an average cost of GBX 131 ($1.66) per share, with a total value of £9,170 ($11,625.25).
• On Friday, September 6th, Max Royde acquired 6,000 shares of Team Internet Group stock. The shares were purchased at an average price of GBX 121 ($1.53) per share, with a total value of £7,260 ($9,203.85).

Team Internet Group Stock Performance

Shares of Team Internet Group stock opened at GBX 78.51 ($1.00) on Thursday. Team Internet Group plc has a 52-week low of GBX 76.40 ($0.97) and a 52-week high of GBX 207.50 ($2.63). The business’s 50 day simple moving average is GBX 119.46 and its 200 day simple moving average is GBX 153.72. The firm has a market cap of £196.38 million, a PE ratio of 1,118.36 and a beta of 0.60.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their target price on shares of Team Internet Group from GBX 205 ($2.60) to GBX 220 ($2.79) and gave the stock a “buy” rating in a report on Monday, August 12th.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.