Insider Buying: Steven J. Dietz Acquires 1,800 Shares of TrueCar Stock (TRUE)
TrueCar (NASDAQ:TRUE) Director Steven J. Dietz acquired 1,800 shares of TrueCar stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $15.12 per share, for a total transaction of $27,216.00. Following the completion of the acquisition, the director now directly owns 17,114 shares in the company, valued at approximately $258,764. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
TRUE has been the subject of a number of recent research reports. Analysts at JMP Securities raised their price target on shares of TrueCar from $20.00 to $21.00 in a research note on Friday, August 8th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of TrueCar from $19.00 to $20.00 in a research note on Friday, August 8th. Finally, analysts at Cowen and Company raised their price target on shares of TrueCar from $21.00 to $22.00 in a research note on Friday, August 8th. Two investment analysts have rated the stock with a hold rating, TrueCar has an average rating of “Hold” and a consensus target price of $19.20.
Shares of TrueCar (NASDAQ:TRUE) traded up 7.97% on Thursday, hitting $16.39. The stock had a trading volume of 1,530,331 shares. TrueCar has a 52 week low of $9.05 and a 52 week high of $16.89. The stock’s 50-day moving average is $13.85 and its 200-day moving average is $13.0. The company’s market cap is $1.111 billion. TrueCar also was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 2,359,186 shares, a growth of 34.7% from the July 15th total of 1,751,123 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 361,389 shares, the short-interest ratio is currently 6.5 days.
TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.
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