TrueCar Now Covered by Goldman Sachs (TRUE)
Investment analysts at Goldman Sachs assumed coverage on shares of TrueCar (NASDAQ:TRUE) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on TRUE. Analysts at JMP Securities initiated coverage on shares of TrueCar in a research note on Tuesday. They set an “outperform” rating and a $20.00 price target on the stock. Separately, 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. Finally, 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 (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 has a 50-day moving average of $10.99 and a 200-day moving average of $10.99. The company’s market cap is $996.0 million.
In other TrueCar news, President John Krafcik acquired 9,041 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.
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