TrueCar, Inc. (NASDAQ:TRUE)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Thursday. They presently have a $23.00 price target on the technology company’s stock, up from their prior price target of $22.00. Royal Bank Of Canada’s target price would indicate a potential upside of 37.48% from the company’s current price.

Other analysts also recently issued reports about the company. B. Riley reissued a “buy” rating and issued a $21.00 price objective on shares of TrueCar in a research note on Wednesday. TheStreet raised TrueCar from a “d” rating to a “c” rating in a report on Monday, May 15th. Zacks Investment Research raised TrueCar from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Friday, May 5th. Craig Hallum upped their target price on TrueCar from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, Cowen and Company upped their target price on TrueCar from $13.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $18.56.

TrueCar (TRUE) opened at 16.73 on Thursday. The company’s market capitalization is $1.55 billion. The firm has a 50-day moving average price of $19.66 and a 200-day moving average price of $16.67. TrueCar has a 1-year low of $8.09 and a 1-year high of $21.75.

ILLEGAL ACTIVITY NOTICE: “TrueCar, Inc. (TRUE) Rating Reiterated by Royal Bank Of Canada” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/08/10/truecar-inc-true-rating-reiterated-by-royal-bank-of-canada.html.

In other TrueCar news, CFO Michael Guthrie sold 33,673 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $19.01, for a total transaction of $640,123.73. Following the sale, the chief financial officer now owns 381,379 shares in the company, valued at $7,250,014.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeff Swart sold 34,863 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $19.82, for a total value of $690,984.66. Following the sale, the executive vice president now owns 99,084 shares in the company, valued at approximately $1,963,844.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,513,149 shares of company stock worth $28,870,907. Company insiders own 17.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. UBS Group AG increased its stake in TrueCar by 1.9% in the first quarter. UBS Group AG now owns 6,929,950 shares of the technology company’s stock valued at $107,207,000 after buying an additional 131,006 shares in the last quarter. Caledonia Private Investments Pty Ltd increased its stake in TrueCar by 143.2% in the first quarter. Caledonia Private Investments Pty Ltd now owns 4,629,739 shares of the technology company’s stock valued at $71,622,000 after buying an additional 2,725,970 shares in the last quarter. Vanguard Group Inc. increased its stake in TrueCar by 17.0% in the first quarter. Vanguard Group Inc. now owns 4,570,225 shares of the technology company’s stock valued at $70,701,000 after buying an additional 665,176 shares in the last quarter. First Trust Advisors LP increased its stake in TrueCar by 18.4% in the second quarter. First Trust Advisors LP now owns 2,746,837 shares of the technology company’s stock valued at $54,744,000 after buying an additional 427,025 shares in the last quarter. Finally, Falcon Point Capital LLC bought a new stake in TrueCar during the first quarter valued at about $16,441,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

About TrueCar

TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for a range of enterprises.

Analyst Recommendations for TrueCar (NASDAQ:TRUE)

Receive News & Stock Ratings for TrueCar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueCar Inc. and related stocks with our FREE daily email newsletter.