TrueCar Director Purchases $22,484 in Stock (TRUE)
TrueCar (NASDAQ:TRUE) Director Steven J. Dietz acquired 1,400 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $16.06 per share, with a total value of $22,484.00. Following the transaction, the director now directly owns 17,114 shares in the company, valued at approximately $274,851. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 currently has an average rating of “Hold” and a consensus target price of $19.20.
TrueCar (NASDAQ:TRUE) traded up 2.73% on Tuesday, hitting $16.91. The stock had a trading volume of 755,796 shares. TrueCar has a 1-year low of $9.05 and a 1-year high of $16.98. The stock has a 50-day moving average of $14.02 and a 200-day moving average of $13.14. The company’s market cap is $1.300 billion.
TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.
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