TrueCar Inc (TRUE) Position Reduced by Wasatch Advisors Inc.

Wasatch Advisors Inc. decreased its stake in TrueCar Inc (NASDAQ:TRUE) by 16.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,004,439 shares of the technology company’s stock after selling 401,078 shares during the quarter. Wasatch Advisors Inc. owned approximately 2.00% of TrueCar worth $22,450,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TRUE. SG Americas Securities LLC acquired a new stake in TrueCar in the 3rd quarter valued at $104,000. Ameritas Investment Partners Inc. boosted its stake in TrueCar by 15.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,427 shares of the technology company’s stock valued at $108,000 after buying an additional 734 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in TrueCar in the 3rd quarter valued at $119,000. BNP Paribas Arbitrage SA boosted its stake in TrueCar by 648.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,937 shares of the technology company’s stock valued at $158,000 after buying an additional 6,876 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new stake in TrueCar in the 3rd quarter valued at $237,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

TRUE has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating and issued a $18.00 price objective (down previously from $21.00) on shares of TrueCar in a research note on Tuesday, November 7th. Morgan Stanley raised TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 price objective on the stock in a research note on Monday, October 2nd. Zacks Investment Research raised TrueCar from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price objective on shares of TrueCar in a research note on Wednesday, October 11th. Finally, Royal Bank of Canada reduced their price objective on TrueCar from $23.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.50.

In other news, EVP Neeraj Gunsagar sold 10,443 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $11.28, for a total transaction of $117,797.04. Following the completion of the sale, the executive vice president now owns 254,144 shares in the company, valued at $2,866,744.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP John Pierantoni sold 2,494 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $11.29, for a total value of $28,157.26. Following the sale, the senior vice president now owns 57,513 shares of the company’s stock, valued at approximately $649,321.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,035 shares of company stock valued at $158,296. 15.50% of the stock is currently owned by corporate insiders.

TrueCar Inc (NASDAQ:TRUE) opened at $11.81 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.31 and a quick ratio of 6.31. The company has a market capitalization of $1,173.84, a price-to-earnings ratio of -32.81 and a beta of 2.71. TrueCar Inc has a one year low of $10.16 and a one year high of $21.75.

TrueCar (NASDAQ:TRUE) last released its earnings results on Monday, November 6th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). TrueCar had a negative return on equity of 10.38% and a negative net margin of 10.29%. sell-side analysts expect that TrueCar Inc will post -0.32 EPS for the current year.

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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)

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