TruGolf (NASDAQ:TRUG) Upgraded at Singular Research

Singular Research upgraded shares of TruGolf (NASDAQ:TRUGFree Report) to a moderate buy rating in a research report released on Monday morning,Zacks.com reports. Singular Research also issued estimates for TruGolf’s Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.25) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at ($0.10) EPS.

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

Check Out Our Latest Stock Report on TruGolf

TruGolf Trading Up 11.3 %

Shares of NASDAQ:TRUG opened at $0.52 on Monday. The company has a market cap of $6.21 million, a price-to-earnings ratio of -1.24 and a beta of -0.85. The company has a 50-day moving average price of $0.54 and a 200-day moving average price of $0.82. TruGolf has a 12 month low of $0.35 and a 12 month high of $8.39.

Hedge Funds Weigh In On TruGolf

A hedge fund recently bought a new stake in TruGolf stock. Clear Street Derivatives LLC purchased a new position in TruGolf Holdings, Inc. (NASDAQ:TRUGFree Report) in the third quarter, according to its most recent Form 13F 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 makes up about 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 reporting period. 3.24% of the stock is owned by institutional investors.

About TruGolf

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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.

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