TrueCar Director Purchases $27,216 in Stock (TRUE)
TrueCar (NASDAQ:TRUE) Director Steven J. Dietz acquired 1,800 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average cost of $15.12 per share, with a total value 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 is available at this link.
Shares of TrueCar (NASDAQ:TRUE) traded up 3.05% during mid-day trading on Monday, hitting $16.24. 54,811 shares of the company’s stock traded hands. TrueCar has a one year low of $9.05 and a one year high of $16.98. The stock’s 50-day moving average is $13.92 and its 200-day moving average is $13.08. The company’s market cap is $1.248 billion.
A number of analysts have recently weighed in on TRUE shares. 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 research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $19.20.
TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.
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