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Truecaller AB Class B ( ($SE:TRUE.B) ) has provided an announcement.
Truecaller AB has repurchased 230,000 of its own B shares as part of a share buyback program initiated by the board of directors. This move, which is part of a larger strategy to repurchase up to 10% of the company’s shares by the 2026 AGM, is intended to strengthen the company’s market position and potentially enhance shareholder value.
The most recent analyst rating on ($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 focused on verifying contacts and blocking unwanted communication, aiming to build trust in communication. It serves over 450 million active users, particularly in emerging markets, and is listed on Nasdaq Stockholm.
YTD Price Performance: -6.59%
Average Trading Volume: 1,148,152
Technical Sentiment Signal: Sell
Current Market Cap: SEK16.18B
Learn more about TRUE.B stock on TipRanks’ Stock Analysis page.