Max Royde Acquires 7,000 Shares of Team Internet Group plc (LON:TIG) Stock

Team Internet Group plc (LON:TIG) insider Max Royde acquired 7,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were purchased at an average cost of GBX 131 ($1.71) per share, for a total transaction of £9,170 ($11,974.41).

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

• On Friday, September 6th, Max Royde purchased 6,000 shares of Team Internet Group stock. The stock was bought at an average cost of GBX 121 ($1.58) per share, for a total transaction of £7,260 ($9,480.28).
• On Friday, August 23rd, Max Royde acquired 8,000 shares of Team Internet Group stock. The stock was acquired at an average price of GBX 140 ($1.83) per share, with a total value of £11,200 ($14,625.23).

Team Internet Group Trading Up 3.8 %

LON TIG opened at GBX 137 ($1.79) on Wednesday. Team Internet Group plc has a 12 month low of GBX 112.34 ($1.47) and a 12 month high of GBX 207.50 ($2.71). The company has a market capitalization of £342.69 million, a PE ratio of 2,283.33 and a beta of 0.60. The stock has a 50-day simple moving average of GBX 140.96 and a 200 day simple moving average of GBX 159.74.

Team Internet Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, August 29th were paid a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a yield of 0.69%. Team Internet Group’s payout ratio is 3,333.33%.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their target price on Team Internet Group from GBX 205 ($2.68) to GBX 220 ($2.87) and gave the stock a “buy” rating in a research 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.