Elad Even-Chen Sells 940,000 Shares of Plus500 (LON:PLUS) Stock

Plus500 Ltd. (LON:PLUS) insider Elad Even-Chen sold 940,000 shares of Plus500 stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of GBX 4,478, for a total transaction of £42,093,200.

Plus500 Stock Down 4.7%

Shares of PLUS traded down GBX 223.10 during trading hours on Tuesday, hitting GBX 4,490.90. The company had a trading volume of 43,606,102 shares, compared to its average volume of 2,049,994. The business has a fifty day moving average of GBX 3,948.24 and a 200-day moving average of GBX 3,433.52. The firm has a market cap of £3.16 billion, a price-to-earnings ratio of 12.47, a PEG 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.

Plus500 announced that its board has initiated a stock repurchase program on Monday, February 16th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Liberum Capital restated a “buy” rating and issued a GBX 3,750 target price on shares of Plus500 in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.