Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Harmoney Corp Ltd ( (AU:HMY) ) just unveiled an announcement.
Harmoney Corp Ltd announced that its founder, Neil Roberts, has sold 3.6 million shares, representing about 3.5% of the company’s issued shares, as he transitions to a non-executive director role. Despite the partial selldown, Roberts remains the largest shareholder with 15% of the shares and plans no further sales in the next 12 months. This move marks a significant shift in the company’s leadership structure, potentially impacting its strategic direction while maintaining stability in shareholder composition.
The most recent analyst rating on (AU:HMY) stock is a Buy with a A$0.92 price target. To see the full list of analyst forecasts on Harmoney Corp Ltd stock, see the AU:HMY Stock Forecast page.
More about Harmoney Corp Ltd
Harmoney Corp Ltd is a 100% consumer-direct personal lender operating in Australia and New Zealand, offering risk-based priced personal loans up to $100,000. The company leverages its proprietary digital lending platform, Stellare®, which uses machine learning for automated credit decisioning and risk-based pricing. Harmoney’s business model is supported by a scalable technology platform and a diversified funding panel, including partnerships with major banks.
Average Trading Volume: 41,118
Technical Sentiment Signal: Buy
Current Market Cap: A$59.65M
See more data about HMY stock on TipRanks’ Stock Analysis page.