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Truecaller AB Class B ( ($SE:TRUE.B) ) has issued an announcement.
Truecaller AB has repurchased 150,000 of its own B shares as part of a buyback program authorized by its board, representing 0.04% of its outstanding capital. This initiative, executed on Nasdaq Stockholm, is part of a broader strategy to manage shareholding, with the company now holding 2.54% of its outstanding capital in own shares. The buyback program, which runs until the 2026 AGM, allows Truecaller to repurchase up to 10% of its total shares, potentially impacting its market positioning and shareholder value.
The most recent analyst rating on ($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 focused on verifying contacts and blocking unwanted communication, aiming to build trust in communication. It serves over 450 million active users and is particularly significant in emerging markets where fraud and unwanted communication are prevalent. Truecaller is listed on Nasdaq Stockholm since October 2021.
YTD Price Performance: 29.86%
Average Trading Volume: 942,289
Current Market Cap: SEK22.38B
For a thorough assessment of TRUE.B stock, go to TipRanks’ Stock Analysis page.