TrueCar Director Steven J. Dietz Acquires 1,400 Shares (TRUE)
TrueCar (NASDAQ:TRUE) Director Steven J. Dietz purchased 1,400 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was 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 of the company’s stock, valued at approximately $274,851. The purchase was disclosed in a document filed with the SEC, which is available at this link.
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 equities research analysts have rated the stock with a hold rating, TrueCar presently has an average rating of “Hold” and an average target price of $19.20.
Shares of TrueCar (NASDAQ:TRUE) traded up 2.73% during mid-day trading on Tuesday, hitting $16.91. The stock had a trading volume of 755,796 shares. TrueCar has a 52-week low of $9.05 and a 52-week 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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