TrueCar Inc. (NASDAQ:TRUE) rose 2.8% during trading on Monday . The stock 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.

A number of research analysts recently issued reports on TRUE shares. B. Riley restated a “sell” rating and set a $3.50 target price on shares of TrueCar in a research report on Tuesday, March 29th. Topeka Capital Markets started coverage on shares of TrueCar in a research report on Monday, April 4th. They set a “hold” rating and a $6.00 target price for the company. Zacks Investment Research upgraded shares of TrueCar from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st. Royal Bank Of Canada restated a “hold” rating and set a $6.00 target price on shares of TrueCar in a research report on Friday, May 6th. Finally, Morgan Stanley restated a “hold” rating on shares of TrueCar in a research report on Sunday, May 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.05.

The company’s market capitalization is $785.78 million. The company has a 50 day moving average price of $7.94 and a 200-day moving average price of $6.55.

TrueCar (NASDAQ:TRUE) last posted its earnings results on Thursday, May 5th. The company reported ($0.07) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.07). The company earned $61.86 million during the quarter, compared to analysts’ expectations of $61.13 million. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts forecast that TrueCar Inc. will post ($0.29) EPS for the current fiscal year.

In related news, major shareholder Services Automobile Ass United sold 200,000 shares of the stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $7.23, for a total transaction of $1,446,000.00. Following the completion of the sale, the insider now owns 10,461,346 shares in the company, valued at approximately $75,635,531.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

An institutional investor recently raised its position in TrueCar stock. Morgan Stanley raised its position in TrueCar Inc. (NASDAQ:TRUE) by 167.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,217,816 shares of the company’s stock after buying an additional 3,893,934 shares during the period. Morgan Stanley owned approximately 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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