Prosus (OTCMKTS:PROSY) Shares Gap Up – Here’s What Happened

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.

Analyst Ratings Changes

PROSY has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Prosus in a report on Tuesday, June 30th. The Goldman Sachs Group assumed coverage on Prosus in a research note on Thursday, June 4th. They set a “neutral” rating for the company. Finally, Zacks Research upgraded Prosus from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Prosus presently has an average rating of “Moderate Buy” and an average price target of $11.10.

Prosus Price Performance

The business has a fifty day moving average price of $9.06 and a 200 day moving average price of $10.07.

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.