tiprankstipranks
Prosus Strengthens Market Position with Share Repurchase Update
Company Announcements

Prosus Strengthens Market Position with Share Repurchase Update

Story Highlights

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

The latest update is out from Prosus ( (PROSF) ).

Prosus has updated its repurchase program, buying back 4,646,918 of its ordinary shares for a total of €168,345,299 over a five-day period in late January 2025. This move is part of a broader strategy to manage its shares and potentially bolster shareholder value, reflecting the company’s active engagement in its financial operations and market positioning.

More about Prosus

Prosus N.V. is a global technology company based in the Netherlands, with a focus on unlocking an AI-first world for its 2 billion customers. It invests in more than 100 companies worldwide, building local e-commerce champions in growth markets. Prosus holds leading positions in food delivery, classifieds, and fintech, and fosters innovation and growth through its unique technology ecosystem. Its Ventures team invests in new technology opportunities in various sectors, including AI, social and e-commerce platforms, fintech, B2B software, and more.

YTD Price Performance: -3.19%

Average Trading Volume: 78,892

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $88B

For an in-depth examination of PROSF stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App