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Truecaller AB Class B ( ($SE:TRUE.B) ) has shared an update.
Truecaller AB has repurchased 200,000 of its own B shares as part of a buyback program initiated by the board of directors, representing 0.06% of its outstanding capital. This move is part of a broader strategy to manage the company’s capital structure, with the authorization to buy back shares up to 10% of the total number of shares outstanding, potentially impacting shareholder value and market perception.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK50.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
More about Truecaller AB Class B
Truecaller is a leading global platform specializing in verifying contacts and blocking unwanted communication, aiming to foster safe and relevant interactions between people and businesses. It plays a crucial role in combating fraud and unwanted communication, particularly in emerging markets, and serves over 450 million active users worldwide. Truecaller is listed on Nasdaq Stockholm since October 2021.
YTD Price Performance: -10.00%
Average Trading Volume: 1,116,274
Technical Sentiment Signal: Sell
Current Market Cap: SEK15.59B
Learn more about TRUE.B stock on TipRanks’ Stock Analysis page.