Prosus (OTCMKTS:PROSY) Shares Gap Down – Here’s Why

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) gapped down prior to trading on Wednesday . The stock had previously closed at $9.48, but opened at $8.89. Prosus shares last traded at $8.88, with a volume of 91,763 shares trading hands.

Wall Street Analysts Forecast Growth

PROSY has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Prosus in a report on Tuesday, June 30th. The Goldman Sachs Group started coverage on shares of Prosus in a report on Thursday, June 4th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Prosus in a research report on Thursday, July 23rd. Finally, Zacks Research upgraded shares of Prosus from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.10.

Prosus Stock Performance

The firm has a 50-day moving average price of $9.02 and a 200-day moving average price of $9.65.

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.