TrueCar Inc (NASDAQ:TRUE) hit a new 52-week low during trading on Monday . The company traded as low as $6.19 and last traded at $6.31, with a volume of 28964 shares traded. The stock had previously closed at $6.52.

A number of equities research analysts recently commented on the stock. Benchmark lowered shares of TrueCar from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a report on Monday. Goldman Sachs Group restated a “sell” rating and set a $6.00 price objective (down from $7.00) on shares of TrueCar in a report on Monday, March 18th. Zacks Investment Research upgraded shares of TrueCar from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. ValuEngine lowered shares of TrueCar from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Finally, Craig Hallum lowered shares of TrueCar from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a report on Friday, February 15th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.45.

The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.15 and a current ratio of 6.15. The company has a market cap of $683.84 million, a PE ratio of -24.58 and a beta of 2.10.

TrueCar (NASDAQ:TRUE) last issued its quarterly earnings results on Thursday, February 14th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). TrueCar had a negative net margin of 8.01% and a negative return on equity of 7.85%. The business had revenue of $91.10 million during the quarter, compared to analyst estimates of $96.03 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts expect that TrueCar Inc will post -0.23 EPS for the current year.

In other TrueCar news, EVP Robert Mcclung sold 7,736 shares of TrueCar stock in a transaction on Monday, March 18th. The shares were sold at an average price of $6.90, for a total value of $53,378.40. Following the sale, the executive vice president now directly owns 105,070 shares in the company, valued at approximately $724,983. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 9,070 shares of company stock worth $65,756 over the last quarter. Company insiders own 5.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Legal & General Group Plc increased its stake in TrueCar by 5.8% in the 4th quarter. Legal & General Group Plc now owns 35,262 shares of the technology company’s stock valued at $319,000 after buying an additional 1,935 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in TrueCar by 4.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 45,626 shares of the technology company’s stock valued at $413,000 after buying an additional 2,089 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in TrueCar by 295.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,911 shares of the technology company’s stock valued at $101,000 after buying an additional 5,911 shares during the last quarter. Swiss National Bank increased its stake in TrueCar by 4.9% in the 3rd quarter. Swiss National Bank now owns 132,000 shares of the technology company’s stock valued at $1,861,000 after buying an additional 6,200 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in TrueCar in the 4th quarter valued at $92,000. Hedge funds and other institutional investors own 95.09% of the company’s stock.

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About TrueCar (NASDAQ:TRUE)

TrueCar, Inc engages in the operation of data-driven online platform which provides dealers and automakers with automobile information. It provides pricing transparency about what other people paid for their cars. The company products include Used Cars for Sale, Sell My Car, Local Pricing, and Lease a Car.

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