TrueCar, Inc. (NASDAQ:TRUE - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.76 and traded as high as $1.83. TrueCar shares last traded at $1.61, with a volume of 1,347,270 shares changing hands.
Analysts Set New Price Targets
TRUE has been the topic of a number of research reports. Wall Street Zen lowered shares of TrueCar from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Lake Street Capital lowered shares of TrueCar from a "buy" rating to a "hold" rating and decreased their target price for the stock from $5.00 to $1.50 in a research report on Tuesday, May 6th. B. Riley restated a "neutral" rating on shares of TrueCar in a research report on Wednesday, May 7th. Finally, Needham & Company LLC decreased their target price on shares of TrueCar from $4.00 to $2.75 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, TrueCar presently has an average rating of "Hold" and a consensus target price of $3.19.
Read Our Latest Report on TRUE
TrueCar Stock Performance
The stock's fifty day moving average price is $1.79 and its two-hundred day moving average price is $1.97. The company has a market cap of $179.74 million, a P/E ratio of -6.03 and a beta of 2.03.
Institutional Trading of TrueCar
Institutional investors and hedge funds have recently made changes to their positions in the company. Algert Global LLC bought a new stake in shares of TrueCar during the 1st quarter worth approximately $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of TrueCar during the 2nd quarter worth approximately $35,000. Strs Ohio bought a new stake in shares of TrueCar during the 1st quarter worth approximately $38,000. Ethic Inc. lifted its stake in TrueCar by 104.7% in the 2nd quarter. Ethic Inc. now owns 44,013 shares of the technology company's stock valued at $87,000 after purchasing an additional 22,511 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in TrueCar by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 24,123 shares of the technology company's stock valued at $90,000 after purchasing an additional 7,938 shares during the last quarter. Institutional investors own 79.44% of the company's stock.
TrueCar Company Profile
(
Get Free Report)
TrueCar, Inc operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers.
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