TrueCar Now Covered by Analysts at JMP Securities (TRUE)
Stock analysts at JMP Securities assumed coverage on shares of TrueCar (NASDAQ:TRUE) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $20.00 price target on the stock. JMP Securities’ price target would indicate a potential upside of 42.65% from the stock’s previous close.
TrueCar (NASDAQ:TRUE) opened at 14.02 on Tuesday. TrueCar has a 1-year low of $9.05 and a 1-year high of $15.85. The stock’s 50-day moving average is $10.99 and its 200-day moving average is $10.99. The company’s market cap is $996.0 million.
In other TrueCar news, President John Krafcik bought 9,041 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average price of $10.89 per share, with a total value of $98,456.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of TrueCar in a research note on Tuesday. They set a “sector perform” rating and a $17.00 price target on the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of TrueCar in a research note on Tuesday. They set an “overweight” rating and a $19.00 price target on the stock.
TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.
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