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Truecaller AB Class B ( ($SE:TRUE.B) ) has shared an update.
Truecaller AB has repurchased 130,000 of its own B shares as part of a buyback program initiated by its board of directors, representing 0.04% of its outstanding capital. This move is part of a larger strategy to repurchase up to 10% of its shares by the 2026 AGM, potentially impacting the company’s share value and market perception.
The most recent analyst rating on ($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. The company aims to facilitate safe and relevant conversations between people and businesses, particularly focusing on combating fraud and unwanted communication in digital economies, especially in emerging markets. Truecaller serves over 450 million active users and is listed on Nasdaq Stockholm.
YTD Price Performance: -13.21%
Average Trading Volume: 1,334,494
Technical Sentiment Signal: Sell
Current Market Cap: SEK15.03B
For a thorough assessment of TRUE.B stock, go to TipRanks’ Stock Analysis page.