TrueCar (NASDAQ:TRUE) : 7 analysts are covering TrueCar (NASDAQ:TRUE) and their average rating on the stock is 3.29, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
TrueCar (NASDAQ:TRUE) : The consensus price target for TrueCar (NASDAQ:TRUE) is $5.3 for the short term with a standard deviation of $1.3. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $7, however, the pessimist price target for the company is $4.
Company shares have received an average consensus rating of Hold for the current week
TrueCar (NASDAQ:TRUE): stock turned positive on Tuesday. Though the stock opened at $7.41, the bulls momentum made the stock top out at $7.7 level for the day. The stock recorded a low of $7.37 and closed the trading day at $7.46, in the green by 1.98%. The total traded volume for the day was 667,240. The stock had closed at $7.315 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Truecar, Inc., Claus Christopher W had purchased shares worth of $28,500 in a transaction dated on March 9, 2016. A total of 5,000 shares were purchased at a price of $5.7 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
TrueCar, Inc. (TrueCar) is a data-driven online platform operating on a common technology infrastructure, powered by data and analytics. The Company operates its Company-branded platform on its TrueCar.com Website. In addition, it customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, such as USAA and American Express; membership-based organizations, such as Consumer Reports, AARP and AAA, and employee buying programs for enterprises, such as IBM and Walmart. The Company enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers. It also allows automobile manufacturers, known in the industry as original equipment manufacturers (OEMs), to connect with TrueCar users in the purchase process.