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Truecaller AB Class B ( ($SE:TRUE.B) ) has shared an update.
Truecaller AB has repurchased 172,500 of its own B shares as part of its ongoing share buyback program, which aims to enhance shareholder value. The program, authorized to run until the 2026 AGM, allows the company to buy back shares up to 10% of the total outstanding shares, reflecting a strategic move to optimize its capital structure.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK50.00 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 specializing in verifying contacts and blocking unwanted communication, aiming to foster safe and relevant conversations. It plays a crucial role in combating fraud and unwanted communication, particularly in emerging markets, and serves over 450 million active users worldwide. Truecaller is listed on Nasdaq Stockholm since October 2021.
YTD Price Performance: -8.83%
Average Trading Volume: 1,150,112
Technical Sentiment Signal: Sell
Current Market Cap: SEK15.79B
For a thorough assessment of TRUE.B stock, go to TipRanks’ Stock Analysis page.