Prosus (OTCMKTS:PROSY) Hits New 1-Year Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

PROSY has been the subject of a number of recent analyst reports. Zacks Research raised Prosus from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Prosus in a research report on Thursday. The Goldman Sachs Group started coverage on Prosus in a research note on Thursday, June 4th. They set a “neutral” rating on the stock. Finally, Morgan Stanley restated an “overweight” rating on shares of Prosus in a report on Tuesday, June 30th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.10.

Prosus Stock Performance

The business’s 50 day moving average price is $8.98 and its two-hundred day moving average price is $9.93.

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.