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Truecaller AB Class B ( ($SE:TRUE.B) ) has issued an update.
Truecaller AB has repurchased 145,000 of its own B shares as part of an ongoing share buyback program authorized by the board of directors, which aims to repurchase up to 10% of the company’s outstanding shares by the 2026 AGM. The buyback, executed through Nasdaq Stockholm by Carnegie, reflects Truecaller’s strategic financial management and could potentially enhance shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share.
The most recent analyst rating on ($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 relevant conversations between people and businesses, addressing issues of fraud and unwanted communication prevalent in digital economies, particularly in emerging markets. Truecaller is an integral part of daily communication for over 450 million active users and has been listed on Nasdaq Stockholm since October 2021.
YTD Price Performance: 3.67%
Average Trading Volume: 1,084,815
Technical Sentiment Signal: Hold
Current Market Cap: SEK17.96B
See more insights into TRUE.B stock on TipRanks’ Stock Analysis page.