TrueCar (NASDAQ:TRUE) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of TrueCar (NASDAQ:TRUE – Get Rating) in a research note published on Thursday. The brokerage issued a hold rating on the technology company’s stock.

TRUE has been the subject of several other research reports. DA Davidson boosted their price target on shares of TrueCar to $2.75 in a research note on Friday, November 25th. Needham & Company LLC raised TrueCar from a hold rating to a buy rating and set a $3.50 price objective for the company in a report on Tuesday, March 14th.

TrueCar Stock Down 1.4 %

Shares of TRUE opened at $2.14 on Thursday. The stock has a fifty day simple moving average of $2.76 and a two-hundred day simple moving average of $2.30. TrueCar has a 52-week low of $1.30 and a 52-week high of $4.09.

Insider Activity

In other news, Director Brendan L. Harrington bought 10,400 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were acquired at an average cost of $2.45 per share, with a total value of $25,480.00. Following the transaction, the director now owns 211,741 shares of the company’s stock, valued at approximately $518,765.45. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Caxton Associates LP increased its position in shares of TrueCar by 109.2% in the third quarter. Caxton Associates LP now owns 113,678 shares of the technology company’s stock worth $172,000 after acquiring an additional 59,347 shares in the last quarter. Barclays PLC increased its holdings in TrueCar by 1,147.5% in the 3rd quarter. Barclays PLC now owns 58,210 shares of the technology company’s stock valued at $88,000 after purchasing an additional 53,544 shares in the last quarter. Prudential Financial Inc. purchased a new position in TrueCar in the third quarter valued at about $175,000. Teacher Retirement System of Texas raised its position in TrueCar by 820.4% in the third quarter. Teacher Retirement System of Texas now owns 168,846 shares of the technology company’s stock valued at $255,000 after purchasing an additional 150,502 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of TrueCar by 1,951,700.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 19,518 shares of the technology company’s stock worth $29,000 after purchasing an additional 19,517 shares in the last quarter. Hedge funds and other institutional investors own 97.53% of the company’s stock.

About TrueCar

(Get Rating)

TrueCar, Inc engages in the operation of data-driven online platform which provides dealers and automakers with automobile information. It provides pricing transparency about what other people paid for their cars. The firm’s products include Used Cars for Sale, Sell My Car, Local Pricing, and Lease a Car.