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

Shares of Prosus N.V. Sponsored ADR (OTCMKTS:PROSYGet Free Report) 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.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PROSY shares. Zacks Research raised Prosus from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Prosus in a research note on Thursday, July 23rd. The Goldman Sachs Group initiated coverage on Prosus in a research report on Thursday, June 4th. They set a “neutral” rating on the stock. Finally, Morgan Stanley reissued 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 stock. Based on data from MarketBeat.com, Prosus currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.10.

Read Our Latest Stock Report on PROSY

Prosus Stock Performance

The stock’s 50 day moving average is $9.02 and its 200 day moving average is $9.65.

Prosus Company Profile

(Get Free Report)

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.

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