Prosus (OTCMKTS:PROSY) Shares Gap Up – What’s Next?

Shares of Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) gapped up before the market opened on Wednesday . The stock had previously closed at $9.00, but opened at $9.43. Prosus shares last traded at $9.43, with a volume of 57,305 shares.

Wall Street Analyst Weigh In

Several research firms recently commented on PROSY. Zacks Research upgraded shares of Prosus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group assumed coverage on shares of Prosus in a research report on Thursday, June 4th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley restated an “overweight” rating on shares of Prosus in a report on Tuesday, June 30th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.10.

Prosus Stock Up 5.6%

The firm has a fifty day simple moving average of $9.08 and a 200 day simple moving average of $10.12.

Prosus Company Profile

Prosus is a global consumer internet group and investment company that focuses on creating and scaling technology businesses across classifieds, food delivery, payments and fintech, education, and e?commerce. Formed as a publicly listed entity in 2019 out of the broader Naspers organization, Prosus combines operating platforms with long?term strategic equity investments in digital companies, seeking to capture growth in online consumer services and financial technology.

The company’s portfolio includes a mix of majority?owned operating businesses and minority stakes in high?growth internet companies.