TruGolf (NASDAQ:TRUG) Now Covered by Analysts at Maxim Group

Maxim Group started coverage on shares of TruGolf (NASDAQ:TRUG) in a report released on Thursday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $2.00 target price on the stock.

TruGolf Stock Down 8.5 %

Shares of NASDAQ TRUG opened at $0.43 on Thursday. The business’s 50 day moving average is $0.56 and its two-hundred day moving average is $0.92. TruGolf has a 52-week low of $0.35 and a 52-week high of $11.82. The firm has a market cap of $5.11 million, a price-to-earnings ratio of -1.02 and a beta of -0.75.

Hedge Funds Weigh In On TruGolf

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

TruGolf Company Profile

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.