Hood River Capital Management LLC boosted its position in shares of TrueCar, Inc. (NASDAQ:TRUE) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 715,942 shares of the technology company’s stock after purchasing an additional 56,998 shares during the quarter. Hood River Capital Management LLC owned 0.77% of TrueCar worth $11,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Baker Avenue Asset Management LP grew its holdings in TrueCar by 1.9% during the second quarter. Baker Avenue Asset Management LP now owns 37,006 shares of the technology company’s stock valued at $738,000 after purchasing an additional 681 shares during the period. Ameritas Investment Partners Inc. grew its holdings in TrueCar by 15.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,427 shares of the technology company’s stock valued at $108,000 after purchasing an additional 734 shares during the period. B. Riley Financial Inc. grew its holdings in TrueCar by 3.7% during the second quarter. B. Riley Financial Inc. now owns 34,095 shares of the technology company’s stock valued at $680,000 after purchasing an additional 1,220 shares during the period. Legal & General Group Plc grew its holdings in TrueCar by 10.5% during the second quarter. Legal & General Group Plc now owns 19,734 shares of the technology company’s stock valued at $389,000 after purchasing an additional 1,872 shares during the period. Finally, Teachers Advisors LLC grew its holdings in TrueCar by 2.1% during the first quarter. Teachers Advisors LLC now owns 94,754 shares of the technology company’s stock valued at $1,466,000 after purchasing an additional 1,932 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Shares of TrueCar, Inc. (NASDAQ:TRUE) traded up $0.03 during mid-day trading on Friday, hitting $11.33. 1,996,700 shares of the stock were exchanged, compared to its average volume of 1,557,222. The company has a debt-to-equity ratio of 0.09, a quick ratio of 6.31 and a current ratio of 6.31. TrueCar, Inc. has a twelve month low of $10.16 and a twelve month high of $21.75.

In other news, SVP John Pierantoni sold 2,633 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $15.87, for a total value of $41,785.71. Following the sale, the senior vice president now owns 63,027 shares of the company’s stock, valued at $1,000,238.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Neeraj Gunsagar sold 1,882 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $15.22, for a total transaction of $28,644.04. The disclosure for this sale can be found here. In the last three months, insiders sold 457,670 shares of company stock worth $7,623,793. 15.50% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “Hood River Capital Management LLC Has $11.31 Million Position in TrueCar, Inc. (TRUE)” was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://theolympiareport.com/2017/11/17/hood-river-capital-management-llc-has-11-31-million-position-in-truecar-inc-true.html.

TRUE has been the subject of a number of analyst reports. Morgan Stanley restated an “underweight” rating and set a $13.00 price objective (up previously from $12.00) on shares of TrueCar in a report on Thursday, July 20th. B. Riley reiterated a “buy” rating and issued a $18.00 price target (down previously from $21.00) on shares of TrueCar in a report on Tuesday, October 31st. Zacks Investment Research cut shares of TrueCar from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Royal Bank Of Canada reduced their price target on shares of TrueCar from $23.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, November 7th. Finally, The Goldman Sachs Group, Inc. reiterated a “neutral” rating and issued a $17.00 price target on shares of TrueCar in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. TrueCar presently has an average rating of “Hold” and a consensus price target of $17.44.

About TrueCar

TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for a range of enterprises.

Institutional Ownership by Quarter for TrueCar (NASDAQ:TRUE)

Receive News & Ratings for TrueCar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueCar Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.