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.
An update from Truecaller AB Class B ( ($SE:TRUE.B) ) is now available.
Truecaller AB has repurchased 200,000 of its own B shares as part of a buyback program initiated by the board of directors. This move is part of a larger strategy to manage the company’s capital structure, with the program allowing for buybacks up to ten percent of the total shares. The repurchase is expected to impact the company’s shareholding, now amounting to 2.79% of the outstanding capital, and reflects Truecaller’s efforts to optimize shareholder value.
The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK61.00 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 that specializes in verifying contacts and blocking unwanted communication. The company aims to facilitate safe and efficient communication between individuals and businesses, particularly in digital economies where fraud and unwanted communication are prevalent. With over 450 million active users, Truecaller plays a crucial role in everyday communication and is listed on Nasdaq Stockholm.
YTD Price Performance: -5.26%
Average Trading Volume: 1,100,647
Technical Sentiment Signal: Sell
Current Market Cap: SEK16.41B
Find detailed analytics on TRUE.B stock on TipRanks’ Stock Analysis page.