TrueCar Sets New 12-Month High at $22.08 (TRUE)
TrueCar (NASDAQ:TRUE) reached a new 52-week high during mid-day trading on Monday , Analyst Ratings News reports. The stock traded as high as $22.08 and last traded at $20.18, with a volume of 1,420,601 shares traded. The stock had previously closed at $20.90.
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, TrueCar presently has a consensus rating of “Hold” and a consensus price target of $19.20.
The stock has a 50-day moving average of $14.4 and a 200-day moving average of $13.4. The company’s market cap is $1.544 billion.
In other TrueCar news, Director Steven J. Dietz purchased 1,800 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $15.12 per share, for a total transaction of $27,216.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.
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