Team Internet Group Announces Share Transfer and Voting Rights Update

Team Internet Group ( (GB:TIG) ) has shared an update.

Team Internet Group plc announced a transfer of 208,135 ordinary shares from Kestrel Partners LLP’s discretionary management due to a client portfolio rearrangement. Despite the transfer, the shares remain with the same beneficial owners, and Kestrel Opportunities, where Mr. Max Royde holds a beneficial interest, now holds 17,926,535 shares. Kestrel indirectly holds voting rights over 67,829,513 shares, representing approximately 27.55% of the total voting rights in the company.

The most recent analyst rating on (GB:TIG) stock is a Hold with a £43.00 price target. To see the full list of analyst forecasts on Team Internet Group stock, see the GB:TIG Stock Forecast page.

Spark’s Take on GB:TIG Stock

According to Spark, TipRanks’ AI Analyst, GB:TIG is a Neutral.

The overall stock score is primarily impacted by financial performance challenges, including declining revenues and high leverage. Technical analysis indicates a bearish trend, further weighing on the score. Valuation concerns due to a negative P/E ratio are offset slightly by a positive dividend yield. The strategic review is a positive corporate event, offering potential future growth and value creation.

To see Spark’s full report on GB:TIG stock, click here.

More about Team Internet Group

Team Internet Group plc is a leading global internet solutions company that operates in the domain name management, identity and software solutions (DIS) segment, and high-growth digital advertising through its Comparison and Search segments. The company serves as a primary distribution channel for digital products and creates privacy-safe, AI-generated online consumer journeys.

Average Trading Volume: 268,249

Technical Sentiment Signal: Sell

Current Market Cap: £115.4M

Find detailed analytics on TIG stock on TipRanks’ Stock Analysis page.