TruGolf (NASDAQ:TRUG) Raised to “Moderate Buy” at Singular Research

TruGolf (NASDAQ:TRUG) was upgraded by analysts at Singular Research to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

Separately, Maxim Group started coverage on TruGolf in a research note on Thursday, December 19th. They set a “buy” rating and a $2.00 target price on the stock.

TruGolf Stock Down 6.5 %

Shares of TRUG opened at $0.52 on Monday. The business has a 50-day simple moving average of $0.54 and a two-hundred day simple moving average of $0.82. TruGolf has a 52 week low of $0.35 and a 52 week high of $8.39. The stock has a market cap of $6.22 million, a price-to-earnings ratio of -1.25 and a beta of -0.85.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TruGolf stock. Clear Street Derivatives LLC bought a new position in TruGolf Holdings, Inc. (NASDAQ:TRUG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf makes up 0.0% of Clear Street Derivatives LLC’s holdings, making the stock its 25th largest position. Clear Street Derivatives LLC owned 0.23% of TruGolf at the end of the most recent quarter. Institutional investors and hedge funds own 3.24% of the company’s stock.

About TruGolf

TruGolf Holdings, Inc, through its subsidiary, engages in the development and sale of indoor golf simulator hardware under the TruGolf Nevada brand for residential and commercial markets in the United States. It also provides E6 Connect software for use on other companies' hardware. The company was founded in 1982 and is headquartered in Centerville, Utah.