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Zip Co Ltd. ( (AU:ZIP) ) has provided an announcement.
Zip Co Ltd. has announced an update regarding its ongoing buy-back initiative, revealing that a total of 831,117 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 11,284,916 securities repurchased before that day. This buy-back program is part of Zip Co’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting the company’s commitment to optimizing its financial operations and market positioning.
The most recent analyst rating on (AU:ZIP) stock is a Buy with a A$3.00 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 Ltd. operates in the financial technology industry, primarily offering buy-now-pay-later services. The company focuses on providing flexible payment solutions to consumers, enhancing their purchasing power and enabling smoother financial transactions.
Average Trading Volume: 22,192,819
Technical Sentiment Signal: Sell
Current Market Cap: A$2.59B
Find detailed analytics on ZIP stock on TipRanks’ Stock Analysis page.