Insider Selling: Plus500 (LON:PLUS) Insider Sells 450,792 Shares of Stock

Plus500 Ltd. (LON:PLUS) insider David Zruia sold 450,792 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of GBX 4,478, for a total transaction of £20,186,465.76.

Plus500 Trading Down 5.6%

LON PLUS opened at GBX 4,451 on Tuesday. Plus500 Ltd. has a 1-year low of GBX 2,464 and a 1-year high of GBX 4,974. The stock’s 50 day moving average is GBX 3,948.24 and its two-hundred day moving average is GBX 3,433.52. The company has a market capitalization of £3.13 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.24 and a beta of 0.20.

Plus500 announced that its Board of Directors has approved a stock buyback plan on Monday, February 16th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Liberum Capital reissued a “buy” rating and set a GBX 3,750 price objective on shares of Plus500 in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,304.67.

Plus500 Company Profile

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. The company develops and operates an online trading platform, including over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.