Oppenheimer gives an Outperform recommendation for TransUnion (TRU)

TransUnion’s filing revealed that its EVP – Operations MAULDIN RICHARD DANE unloaded Company’s shares for reported $0.12 million on Mar 14 ’24. In the deal valued at $78.10 per share,1,500 shares were sold. As a result of this transaction, MAULDIN RICHARD DANE now holds 22,033 shares worth roughly $1.76 million.

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Then, Martin Timothy J sold 12,000 shares, generating $943,080 in total proceeds. Upon selling the shares at $78.59, the EVP – Global Solutions now owns 54,522 shares.

Before that, MONAHAN THOMAS L bought 1,800 shares. TransUnion shares valued at $103,421 were divested by the Director at a price of $57.46 per share. As a result of the transaction, MONAHAN THOMAS L now holds 19,071 shares, worth roughly $1.53 million.

Oppenheimer initiated its TransUnion [TRU] rating to an Outperform in a research note published on December 19, 2023; the price target was $81. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “an In-line”. BofA Securities also remained covering TRU and has decreased its forecast on October 25, 2023 with a “an Underperform” recommendation from previously “Buy” rating. Needham revised its rating on April 26, 2023. It rated TRU as “a Buy” which previously was an “a Hold”.

Price Performance Review of TRU

On Friday, TransUnion [NYSE:TRU] saw its stock fall -0.84% to $80.00. Over the last five days, the stock has gained 3.96%. TransUnion shares have risen nearly 16.43% since the year began. Nevertheless, the stocks have risen 35.69% over the past one year. While a 52-week high of $82.75 was reached on 03/21/24, a 52-week low of $42.09 was recorded on 01/04/24. SMA at 50 days reached $73.90, while 200 days put it at $71.05. A total of 0.97 million shares were traded, compared to the trading of 1.11 million shares in the previous session.

Levels Of Support And Resistance For TRU Stock

The 24-hour chart illustrates a support level at 79.41, which if violated will result in even more drops to 78.82. On the upside, there is a resistance level at 80.63. A further resistance level may holdings at 81.25. The Relative Strength Index (RSI) on the 14-day chart is 59.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.01%. Stochastics %K at 76.51% indicates the stock is a holding.

How much short interest is there in TransUnion?

A steep rise in short interest was recorded in TransUnion stocks on Feb 29, 2024, dropping by -0.26 million shares to a total of 5.36 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.62 million shares. There was a decline of -4.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.15% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.95.

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