Shares of TrueCar Inc (NASDAQ:TRUE) have received an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $8.01.

Several research firms have recently commented on TRUE. TheStreet lowered shares of TrueCar from a “c-” rating to a “d” rating in a research report on Thursday, August 8th. ValuEngine raised shares of TrueCar from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Needham & Company LLC began coverage on shares of TrueCar in a research report on Thursday, September 12th. They set a “hold” rating for the company. Zacks Investment Research raised shares of TrueCar from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Citigroup reduced their price target on shares of TrueCar from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, August 9th.

NASDAQ:TRUE traded down $0.04 during mid-day trading on Monday, reaching $3.35. The company’s stock had a trading volume of 470,837 shares, compared to its average volume of 1,503,566. TrueCar has a 12-month low of $3.01 and a 12-month high of $11.77. The firm’s fifty day moving average price is $3.61 and its two-hundred day moving average price is $5.05. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.12. The stock has a market cap of $359.97 million, a P/E ratio of -12.88 and a beta of 1.35.

TrueCar (NASDAQ:TRUE) last issued its earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06. TrueCar had a negative return on equity of 11.45% and a negative net margin of 14.25%. The business had revenue of $88.08 million during the quarter, compared to analyst estimates of $89.20 million. During the same quarter in the previous year, the firm earned $0.03 EPS. TrueCar’s revenue was up .3% on a year-over-year basis. Analysts predict that TrueCar will post -0.67 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stephens Inc. AR grew its stake in shares of TrueCar by 47.6% during the 3rd quarter. Stephens Inc. AR now owns 615,054 shares of the technology company’s stock valued at $2,091,000 after acquiring an additional 198,253 shares during the period. UBS Group AG grew its stake in shares of TrueCar by 90.8% during the 2nd quarter. UBS Group AG now owns 4,882,365 shares of the technology company’s stock valued at $26,657,000 after acquiring an additional 2,323,218 shares during the period. Voloridge Investment Management LLC grew its stake in shares of TrueCar by 52.7% during the 2nd quarter. Voloridge Investment Management LLC now owns 72,650 shares of the technology company’s stock valued at $397,000 after acquiring an additional 25,066 shares during the period. Nuveen Asset Management LLC bought a new position in shares of TrueCar during the 2nd quarter valued at approximately $2,142,000. Finally, UBS Asset Management Americas Inc. grew its stake in shares of TrueCar by 124.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 86,382 shares of the technology company’s stock valued at $472,000 after acquiring an additional 47,870 shares during the period. 90.71% of the stock is owned by hedge funds and other institutional investors.

TrueCar Company Profile

TrueCar, Inc, together with its subsidiaries, operates as an Internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar Website and mobile applications. The company also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for large enterprises.

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Analyst Recommendations for TrueCar (NASDAQ:TRUE)

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