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The latest update is out from Truecaller AB Class B ( ($SE:TRUE.B) ).
Truecaller AB has repurchased 200,000 of its own B shares as part of a share buyback program initiated by its board of directors. This move is part of a broader strategy to manage its capital structure, with the program allowing buybacks up to 10% of the company’s total shares. The repurchase, executed on Nasdaq Stockholm, reflects Truecaller’s ongoing efforts to optimize shareholder value and enhance its market positioning.
The most recent analyst rating on ($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 that specializes in verifying contacts and blocking unwanted communication, facilitating safe and relevant interactions between individuals and businesses. The company plays a crucial role in combating fraud and unwanted communication, particularly in digital economies and emerging markets. Truecaller has over 450 million active users and has been 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
For a thorough assessment of TRUE.B stock, go to TipRanks’ Stock Analysis page.