Plus500 (LON:PLUS) Insider David Zruia Sells 450,792 Shares

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

Plus500 Stock Down 4.7%

PLUS opened at GBX 4,490.90 on Wednesday. The stock has a market cap of £3.16 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.24 and a beta of 0.20. Plus500 Ltd. has a 12 month low of GBX 2,464 and a 12 month high of GBX 4,974. The company has a fifty day simple moving average of GBX 3,969.33 and a 200 day simple moving average of GBX 3,441.33.

Plus500 announced that its Board of Directors has initiated a stock repurchase program on Monday, February 16th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

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

About Plus500

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.