Needham analyst Brad Erickson assigned a Hold rating to TrueCar (TRUE) today. The company’s shares closed last Friday at $3.71.
According to TipRanks.com, Erickson is a 5-star analyst with an average return of 29.3% and a 56.3% success rate. Erickson covers the Technology sector, focusing on stocks such as Zillow Group Class A, Zillow Group Class C, and Fiverr International.
Currently, the analyst consensus on TrueCar is a Hold with an average price target of $5.12.
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The company has a one-year high of $6.47 and a one-year low of $1.98. Currently, TrueCar has an average volume of 1.05M.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRUE in relation to earlier this year.
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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 company products include Used Cars for Sale, Sell My Car, Local Pricing, and Lease a Car. The company was founded by Thomas Taira, James Nguyen, Scott Painter, and Bernard Brenner in February 2005 and is headquartered in Santa Monica, CA.
