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Zip Co Ltd. ( (AU:ZIP) ) has shared an announcement.
Zip Co Ltd. announced an update on its ongoing share buy-back program, revealing the purchase of 496,000 ordinary fully paid shares on the previous day, bringing the total number of shares bought back to over 15.3 million. This buy-back initiative is part of Zip Co’s strategy to optimize its capital structure, potentially enhancing shareholder value and signaling confidence in the company’s future prospects.
The most recent analyst rating on (AU:ZIP) stock is a Buy with a A$5.10 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 convenience.
Average Trading Volume: 15,381,100
Technical Sentiment Signal: Buy
Current Market Cap: A$5.62B
See more data about ZIP stock on TipRanks’ Stock Analysis page.