Prosus (OTCMKTS:PROSY) Shares Gap Down – Should You Sell?

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY)’s stock price gapped down before the market opened 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 traded.

Wall Street Analysts Forecast Growth

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

Prosus Trading Down 2.2%

The company has a fifty day simple moving average of $9.00 and a two-hundred day simple moving average of $9.60.

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.