TrueCar Director Acquires $22,484 in Stock (TRUE)
TrueCar (NASDAQ:TRUE) Director Steven J. Dietz purchased 1,400 shares of TrueCar 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 purchase, the director now directly owns 17,114 shares of the company’s stock, valued at approximately $274,851. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TRUE. 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 presently has an average rating of “Hold” and an average price target of $19.20.
Shares of TrueCar (NASDAQ:TRUE) traded up 1.71% during mid-day trading on Wednesday, hitting $17.20. The stock had a trading volume of 87,760 shares. TrueCar has a 1-year low of $9.05 and a 1-year high of $17.387. The stock’s 50-day moving average is $14.08 and its 200-day moving average is $13.19. The company’s market cap is $1.322 billion.
TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.