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Dealertrack Technologies (NASDAQ:TRAK) was upgraded by analysts at Jefferson Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports.

TRAK has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Dealertrack Technologies from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $56.90 price target on the stock. Separately, analysts at TheStreet downgraded shares of Dealertrack Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, analysts at Barclays raised their price target on shares of Dealertrack Technologies from $43.00 to $47.00 in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $43.58.

Dealertrack Technologies (NASDAQ:TRAK) opened at 54.37 on Friday. Dealertrack Technologies has a one year low of $26.28 and a one year high of $55.75. The stock’s 50-day moving average is $48.13 and its 200-day moving average is $43.25. The company has a market cap of $2.401 billion and a P/E ratio of 423.54.

Dealertrack Technologies (NASDAQ:TRAK) last released its earnings data on Wednesday, February 19th. The company reported $0.27 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.27. The company had revenue of $126.10 million for the quarter, compared to the consensus estimate of $123.17 million. On average, analysts predict that Dealertrack Technologies will post $1.48 earnings per share for the current fiscal year.

In other Dealertrack Technologies news, EVP Rajesh Sundaram sold 1,512 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $53.88, for a total transaction of $81,466.56. Following the sale, the executive vice president now directly owns 89,552 shares of the company’s stock, valued at approximately $4,825,062. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

DealerTrack Technologies, Inc, formerly DealerTrack Holdings, Inc, is a holding company. Its Web-based software solutions and services are provided for all segments of the automotive retail industry, including dealers, lenders, other equipment manufacturers (NASDAQ:TRAK), third party retailers, agents and aftermarket providers.

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