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Zip Co Ltd. ( (AU:ZIP) ) has shared an announcement.
Zip Co Limited announced its plan to purchase up to 6,000,000 of its ordinary shares through its Employee Share Trust to counteract the dilution impact from its Equity Incentive Plan allocations. This move aligns with Zip’s capital management strategy to enhance long-term shareholder value and is expected to conclude by early September 2025. The purchased shares will be held in the Employee Share Trust until they are allocated according to the plan’s terms, and details of the purchase will be disclosed in the company’s 2026 Annual Report.
The most recent analyst rating on (AU:ZIP) stock is a Buy with a A$4.40 price target. To see the full list of analyst forecasts on Zip Co Ltd. stock, see the AU:ZIP Stock Forecast page.
More about Zip Co Ltd.
Zip Co Limited is a digital financial services company that offers innovative, people-centered products in Australia, New Zealand, and the United States. It provides point-of-sale credit and digital payment services, connecting millions of customers with a global network of merchants. Founded in Australia in 2013, Zip aims to offer fair, flexible, and transparent payment options to empower customers and support merchant growth.
Average Trading Volume: 16,721,239
Technical Sentiment Signal: Buy
Current Market Cap: A$4.84B
For an in-depth examination of ZIP stock, go to TipRanks’ Overview page.