Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Pivotree ( (TSE:PVT) ) has shared an announcement.
Pivotree Inc. has announced the approval of a normal course issuer bid (NCIB) by the TSX Venture Exchange, allowing the company to repurchase up to 2,030,724 common shares, representing 10% of its public float. This move is aimed at enhancing shareholder value, as the company believes its shares are undervalued. The NCIB will be funded through Pivotree’s working capital and executed via the TSXV, with National Bank Financial Inc. acting as the broker. All shares repurchased will be canceled, and no directors or insiders intend to sell shares during the NCIB.
The most recent analyst rating on (TSE:PVT) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Pivotree stock, see the TSE:PVT Stock Forecast page.
Spark’s Take on TSE:PVT Stock
According to Spark, TipRanks’ AI Analyst, TSE:PVT is a Neutral.
Pivotree’s overall stock score is primarily influenced by its financial challenges, including declining revenues and profitability issues. However, recent corporate events and technical indicators provide some positive momentum. The valuation remains a concern due to negative earnings.
To see Spark’s full report on TSE:PVT stock, click here.
More about Pivotree
Pivotree is a leader in frictionless commerce, providing digital Commerce, Data Management, and Supply Chain solutions for over 150 major retailers and branded manufacturers globally. With a comprehensive portfolio of digital products and services, Pivotree offers end-to-end solutions to businesses of all sizes. The company is headquartered in Toronto, Canada, and operates in the Americas, EMEA, and APAC regions.
Average Trading Volume: 9,103
Technical Sentiment Signal: Buy
Current Market Cap: C$47.53M
Find detailed analytics on PVT stock on TipRanks’ Stock Analysis page.