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Team Internet Group ( (GB:TIG) ) has issued an update.
On December 19, 2024, Team Internet Group plc repurchased 159,345 ordinary shares as part of its ongoing share buyback program, initially announced in September 2024. This strategic move aims to optimize capital structure and enhance shareholder value, reinforcing the company’s commitment to its stakeholders while maintaining its issued share capital at 273,500,000 shares.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company specializing in high-growth digital advertising and domain name management. The company operates in two primary segments: Online Marketing, which uses privacy-safe, AI-generated consumer journeys to convert general interest media users into confident consumers, and Online Presence, which serves as a primary distribution channel for digital products in the online presence and productivity tool ecosystem. Team Internet’s revenue is derived from subscription-based recurring revenues and revenue share through utility-style contracts.
YTD Price Performance: -26.25%
Average Trading Volume: 654,421
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £222.9M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.
