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An update from Team Internet Group ( (GB:TIG) ) is now available.
Team Internet Group PLC announced the purchase of 154,965 ordinary shares as part of its share buyback programme initiated in September 2024. This transaction does not change the company’s issued share capital but affects the total voting rights, which now stand at 252,940,281 shares. This strategic move underscores the company’s commitment to enhancing shareholder value and optimizing its capital structure.
More about Team Internet Group
Team Internet Group PLC is a leading global internet solutions company that operates in high-growth digital advertising and domain name management solutions. The company’s operations span two key markets: the Online Marketing segment, which focuses on creating privacy-safe, AI-generated consumer journeys, and the Online Presence segment, which is part of the global online presence and productivity tool ecosystem. The company generates recurring revenues through subscriptions in its Online Presence segment and revenue share contracts in the Online Marketing segment.
YTD Price Performance: -26.42%
Average Trading Volume: 655,340
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £222.6M
For a thorough assessment of TIG stock, go to TipRanks’ Stock Analysis page.
