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Zip Co Ltd. ( (AU:ZIP) ) just unveiled an announcement.
Zip Co Ltd. has announced an update on its ongoing share buy-back program, revealing that a total of 499,906 ordinary fully paid securities were bought back on the previous day, bringing the total number to 5,931,403. This buy-back initiative is part of Zip Co’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
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, providing buy-now-pay-later services. The company focuses on offering flexible payment solutions to consumers and businesses, enhancing their purchasing power and financial management capabilities.
Average Trading Volume: 22,543,390
Technical Sentiment Signal: Sell
Current Market Cap: A$2.74B
Learn more about ZIP stock on TipRanks’ Stock Analysis page.