Two Sigma Advisers LP Raises Position in TrueCar Inc (TRUE)

Two Sigma Advisers LP increased its stake in shares of TrueCar Inc (NASDAQ:TRUE) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,046,210 shares of the technology company’s stock after acquiring an additional 20,081 shares during the quarter. Two Sigma Advisers LP owned about 1.05% of TrueCar worth $11,718,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TRUE. SG Americas Securities LLC bought a new position in shares of TrueCar during the third quarter worth $104,000. Global Endowment Management LP bought a new position in shares of TrueCar during the fourth quarter worth $133,000. Quantitative Systematic Strategies LLC bought a new position in shares of TrueCar during the fourth quarter worth $190,000. MANA Advisors LLC bought a new position in shares of TrueCar during the fourth quarter worth $208,000. Finally, Vident Investment Advisory LLC bought a new position in shares of TrueCar during the third quarter worth $237,000. Hedge funds and other institutional investors own 89.02% of the company’s stock.

How to Become a New Pot Stock Millionaire

In related news, SVP John Pierantoni sold 2,494 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $11.29, for a total transaction of $28,157.26. Following the sale, the senior vice president now owns 57,513 shares of the company’s stock, valued at $649,321.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 5,227 shares of company stock worth $59,857. 15.50% of the stock is owned by insiders.

TRUE has been the subject of a number of research reports. Benchmark initiated coverage on shares of TrueCar in a research report on Thursday. They set a “buy” rating and a $18.00 target price for the company. Stephens set a $18.00 target price on shares of TrueCar and gave the stock a “buy” rating in a research report on Friday, February 16th. B. Riley restated a “buy” rating and set a $18.00 target price on shares of TrueCar in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of TrueCar from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, ValuEngine downgraded shares of TrueCar from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.60.

Shares of TRUE stock opened at $9.32 on Friday. The company has a quick ratio of 6.41, a current ratio of 6.41 and a debt-to-equity ratio of 0.09. TrueCar Inc has a 12 month low of $9.31 and a 12 month high of $21.75.

TrueCar (NASDAQ:TRUE) last released its quarterly earnings results on Thursday, February 15th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $83.13 million for the quarter, compared to the consensus estimate of $81.72 million. TrueCar had a negative net margin of 10.16% and a negative return on equity of 8.70%. TrueCar’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. research analysts forecast that TrueCar Inc will post -0.25 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Two Sigma Advisers LP Raises Position in TrueCar Inc (TRUE)” was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3296792/two-sigma-advisers-lp-raises-position-in-truecar-inc-true.html.

TrueCar Company Profile

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueCar and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

SunPower  Raised to “Buy” at BidaskClub
SunPower Raised to “Buy” at BidaskClub
FY2018 Earnings Estimate for Kinder Morgan Canada Issued By National Bank Financial
FY2018 Earnings Estimate for Kinder Morgan Canada Issued By National Bank Financial
Yintech Investment  Upgraded by BidaskClub to Hold
Yintech Investment Upgraded by BidaskClub to Hold
NICE Systems  Raised to Strong-Buy at Zacks Investment Research
NICE Systems Raised to Strong-Buy at Zacks Investment Research
Scorpio Bulkers  Cut to Sell at Zacks Investment Research
Scorpio Bulkers Cut to Sell at Zacks Investment Research
Zacks Investment Research Upgrades WesBanco  to Hold
Zacks Investment Research Upgrades WesBanco to Hold


© 2006-2018 Ticker Report. Google+.