Prosus (OTCMKTS:PROSY) Reaches New 12-Month Low – Here’s What Happened

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) hit a new 52-week low on Thursday . The company traded as low as $8.34 and last traded at $8.38, with a volume of 565742 shares traded. The stock had previously closed at $8.51.

Wall Street Analysts Forecast Growth

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

Prosus Price Performance

The firm has a 50-day moving average of $9.01 and a 200-day moving average of $9.98.

About Prosus

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.