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Truecaller AB Class B ( ($SE:TRUE.B) ) has issued an update.
Truecaller AB has repurchased 105,000 of its own B shares as part of a share buyback program initiated by its board of directors. This move is part of a broader strategy to manage the company’s capital structure, with the authorization to buy back shares up to 10% of the total outstanding shares until the 2026 AGM. These buybacks, conducted on Nasdaq Stockholm, reflect Truecaller’s efforts to optimize shareholder value and maintain a strategic position in the market.
The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK58.00 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. The company focuses on enabling safe and relevant conversations between individuals and facilitating efficient connections between businesses and consumers. With a mission to build trust in communication, Truecaller addresses issues of fraud and unwanted communication, particularly in emerging markets, and serves over 450 million active users. Truecaller has been listed on Nasdaq Stockholm since October 2021.
YTD Price Performance: 35.18%
Average Trading Volume: 942,932
Current Market Cap: SEK23.29B
See more data about TRUE.B stock on TipRanks’ Stock Analysis page.