TruGolf (NASDAQ:TRUG) Upgraded by Singular Research to Moderate Buy Rating

Singular Research upgraded shares of TruGolf (NASDAQ:TRUG) to a moderate buy rating in a research report released on Monday,Zacks.com reports.

Separately, Maxim Group assumed coverage on shares of TruGolf in a report on Thursday, December 19th. They issued a “buy” rating and a $2.00 price target for the company.

TruGolf Trading Down 6.5 %

Shares of TruGolf stock opened at $0.52 on Monday. TruGolf has a 12 month low of $0.35 and a 12 month high of $8.39. The stock’s fifty day moving average price is $0.54 and its 200-day moving average price is $0.82. The firm has a market cap of $6.22 million, a P/E ratio of -1.25 and a beta of -0.85.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC acquired a new position in shares of TruGolf Holdings, Inc. (NASDAQ:TRUG) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 30,370 shares of the company’s stock, valued at approximately $29,000. TruGolf comprises 0.0% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 25th biggest position. Clear Street Derivatives LLC owned approximately 0.23% of TruGolf as of its most recent SEC filing. 3.24% of the stock is currently owned by institutional investors and hedge funds.

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.