Insider Buying: Team Internet Group plc (LON:TIG) Insider Buys £63,750 in Stock

Team Internet Group plc (LON:TIG) insider Max Royde acquired 75,000 shares of Team Internet Group stock in a transaction on Friday, November 15th. The shares were bought at an average cost of GBX 85 ($1.07) per share, with a total value of £63,750 ($80,259.35).

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

• On Friday, October 11th, Max Royde acquired 7,000 shares of Team Internet Group stock. The shares were bought at an average cost of GBX 131 ($1.65) per share, with a total value of £9,170 ($11,544.76).
• On Friday, September 6th, Max Royde acquired 6,000 shares of Team Internet Group stock. The shares were bought at an average cost of GBX 121 ($1.52) per share, with a total value of £7,260 ($9,140.12).
• On Friday, August 23rd, Max Royde acquired 8,000 shares of Team Internet Group stock. The shares were bought at an average cost of GBX 140 ($1.76) per share, with a total value of £11,200 ($14,100.47).

Team Internet Group Trading Down 1.2 %

Shares of TIG stock opened at GBX 83.60 ($1.05) on Friday. The company has a market cap of £209.12 million, a price-to-earnings ratio of 1,192.20 and a beta of 0.60. The stock has a 50 day simple moving average of GBX 123.81 and a 200-day simple moving average of GBX 155.29. Team Internet Group plc has a 12-month low of GBX 82.10 ($1.03) and a 12-month high of GBX 207.50 ($2.61).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price objective on Team Internet Group from GBX 205 ($2.58) to GBX 220 ($2.77) and gave the company a “buy” rating in a research note 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.