Shares of TrueCar Inc. (NASDAQ:TRUE) rose 2.8% on Monday . The company traded as high as $9.25 and last traded at $9.24, with a volume of 239,906 shares. The stock had previously closed at $8.99.

Several analysts recently weighed in on TRUE shares. Zacks Investment Research raised shares of TrueCar from a “sell” rating to a “hold” rating in a research note on Thursday, April 21st. B. Riley reissued a “sell” rating and issued a $3.50 price objective on shares of TrueCar in a research note on Monday, July 18th. Morgan Stanley reissued a “hold” rating on shares of TrueCar in a research note on Sunday, May 8th. Cowen and Company reissued a “market perform” rating and issued a $5.00 price objective (up previously from $4.00) on shares of TrueCar in a research note on Monday, May 9th. Finally, JMP Securities reissued a “hold” rating on shares of TrueCar in a research note on Monday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a strong buy rating to the company. TrueCar currently has an average rating of “Hold” and a consensus price target of $7.05.

The stock’s 50-day moving average is $7.82 and its 200-day moving average is $6.56. The stock’s market cap is $776.57 million.

TrueCar (NASDAQ:TRUE) last announced its earnings results on Thursday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $61.86 million for the quarter, compared to analyst estimates of $61.13 million. The firm’s revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that TrueCar Inc. will post ($0.29) EPS for the current year.

In other TrueCar news, major shareholder Services Automobile Ass United sold 200,000 shares of TrueCar stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $6.38, for a total transaction of $1,276,000.00. Following the sale, the insider now owns 10,632,346 shares of the company’s stock, valued at approximately $67,834,367.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

An institutional investor recently raised its position in TrueCar stock. Morgan Stanley increased its stake in TrueCar Inc. (NASDAQ:TRUE) by 167.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,217,816 shares of the company’s stock after buying an additional 3,893,934 shares during the period. Morgan Stanley owned about 7.52% of TrueCar worth $59,318,000 at the end of the most recent quarter.

TrueCar, Inc offers a diverse software ecosystem for buying cars. The Company’s software ecosystem is based on a common technology infrastructure, and powered by data and analytics. The Company operates its platform on the TrueCar Website and its branded mobile experience. 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 enterprises.

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