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Zip Co Ltd. ( (AU:ZIP) ) just unveiled an announcement.
Zip Co Ltd. has announced an update regarding its ongoing share buy-back program, reporting a total of 784,292 ordinary fully paid securities bought back on the previous day, contributing to a cumulative total of 10,500,624 securities repurchased. This buy-back initiative is part of the company’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, primarily offering buy now, pay later services. The company focuses on providing flexible payment solutions to consumers and businesses, enhancing their purchasing power and financial management capabilities.
Average Trading Volume: 22,545,342
Technical Sentiment Signal: Sell
Current Market Cap: A$2.49B
Learn more about ZIP stock on TipRanks’ Stock Analysis page.