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hipages Group Expands with New Share Issuance

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hipages Group Expands with New Share Issuance

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The latest update is out from hipages Group Holdings Ltd. ( (AU:HPG) ).

hipages Group Holdings Ltd announced the issuance of 2,858,540 fully paid ordinary shares without disclosure to investors under the Corporations Act. The company has complied with relevant legal provisions and confirmed there is no excluded information under the Act. This issuance is part of the company’s ongoing efforts to strengthen its market position and operational capabilities, potentially impacting its stakeholders positively by enhancing its service offerings and market reach.

The most recent analyst rating on (AU:HPG) stock is a Hold with a A$1.37 price target. To see the full list of analyst forecasts on hipages Group Holdings Ltd. stock, see the AU:HPG Stock Forecast page.

More about hipages Group Holdings Ltd.

hipages Group is an online tradie marketplace and Software-as-a-Service (SaaS) platform that connects tradespeople with residential and commercial consumers in Australia and New Zealand. The company’s platforms, hipages Australia and Builderscrack in New Zealand, have facilitated connections for nearly 5 million users and provide work to almost 35,000 subscribed trade businesses. Their proprietary workflow management platform, Tradiecore, supports tradies in managing their workflow from lead generation to payment and completion.

Average Trading Volume: 160,933

Technical Sentiment Signal: Buy

Current Market Cap: A$161.5M

Learn more about HPG stock on TipRanks’ Stock Analysis page.

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