TrueCar, Inc. (NASDAQ:TRUE) Shares Acquired by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC lifted its stake in TrueCar, Inc. (NASDAQ:TRUE) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,695 shares of the technology company’s stock after purchasing an additional 3,510 shares during the period. SkyView Investment Advisors LLC’s holdings in TrueCar were worth $703,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC acquired a new stake in TrueCar in the third quarter valued at $36,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TrueCar in the 3rd quarter valued at about $43,000. SG Americas Securities LLC increased its holdings in TrueCar by 126.5% during the 3rd quarter. SG Americas Securities LLC now owns 34,644 shares of the technology company’s stock valued at $120,000 after acquiring an additional 19,349 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in TrueCar during the second quarter worth about $210,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of TrueCar by 15.2% in the third quarter. BNP Paribas Financial Markets now owns 60,942 shares of the technology company’s stock valued at $210,000 after purchasing an additional 8,027 shares in the last quarter. Hedge funds and other institutional investors own 79.44% of the company’s stock.

TrueCar Trading Down 4.1 %

NASDAQ TRUE opened at $4.19 on Friday. The business’s 50-day moving average price is $3.96 and its 200 day moving average price is $3.41. TrueCar, Inc. has a twelve month low of $2.56 and a twelve month high of $4.62.

TrueCar (NASDAQ:TRUE) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). TrueCar had a negative net margin of 15.88% and a negative return on equity of 14.33%. The company had revenue of $46.54 million for the quarter, compared to analyst estimates of $45.82 million. During the same period in the prior year, the company earned ($0.07) EPS. As a group, research analysts anticipate that TrueCar, Inc. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. BTIG Research lifted their price objective on TrueCar from $3.75 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of TrueCar in a report on Tuesday, November 26th. Lake Street Capital assumed coverage on TrueCar in a research note on Monday, October 7th. They set a “buy” rating and a $6.00 price objective on the stock. B. Riley boosted their target price on shares of TrueCar from $3.30 to $4.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of TrueCar from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.88.

About TrueCar

TrueCar, Inc 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. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers.