Naspers (OTCMKTS:NPSNY) Shares Gap Up – Should You Buy?

Naspers Ltd. (OTCMKTS:NPSNY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $9.99, but opened at $10.77. Naspers shares last traded at $10.78, with a volume of 6,404 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Naspers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group initiated coverage on Naspers in a report on Thursday, June 4th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Naspers Stock Performance

The business has a 50 day simple moving average of $10.46 and a 200-day simple moving average of $11.38.

About Naspers

Naspers is a South African multinational holding company headquartered in Cape Town with principal interests in internet, technology and media businesses. Founded in 1915 as a publisher, the company evolved from traditional newspaper and magazine publishing into a diversified media group with pay-television and publishing operations in South Africa and other markets. Over time Naspers shifted strategy toward technology investments and online platforms, building a global portfolio focused on marketplaces, payments, classifieds and food delivery services.

A defining moment in the company’s modern history was its early investment in China’s Tencent, which helped reshape Naspers into a significant global investor in internet companies.