TrueCar, Inc. (NASDAQ:TRUE) has been assigned a consensus rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.44.

A number of research analysts have commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $23.00 target price (up previously from $22.00) on shares of TrueCar in a report on Thursday, August 10th. B. Riley reaffirmed a “buy” rating and set a $21.00 target price on shares of TrueCar in a report on Monday, August 21st. Cowen reaffirmed a “hold” rating and set a $15.00 target price on shares of TrueCar in a report on Thursday, August 17th. Zacks Investment Research downgraded TrueCar from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Finally, Morgan Stanley raised TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 target price on the stock in a report on Monday, October 2nd.

In related news, SVP John Pierantoni sold 3,964 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $16.56, for a total value of $65,643.84. Following the sale, the senior vice president now owns 67,589 shares of the company’s stock, valued at approximately $1,119,273.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neeraj Gunsagar sold 1,882 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $15.22, for a total value of $28,644.04. The disclosure for this sale can be found here. In the last three months, insiders sold 20,017 shares of company stock worth $326,288. Company insiders own 15.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Caledonia Private Investments Pty Ltd lifted its holdings in shares of TrueCar by 35.7% in the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 16,240,758 shares of the technology company’s stock worth $98,542,000 after purchasing an additional 4,268,501 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of TrueCar by 43.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,574,867 shares of the technology company’s stock worth $131,037,000 after purchasing an additional 2,004,642 shares during the last quarter. Senvest Management LLC lifted its holdings in shares of TrueCar by 4.6% in the 3rd quarter. Senvest Management LLC now owns 3,975,385 shares of the technology company’s stock worth $62,771,000 after purchasing an additional 174,103 shares during the last quarter. EastBay Asset Management LLC lifted its holdings in shares of TrueCar by 94.7% in the 2nd quarter. EastBay Asset Management LLC now owns 2,894,876 shares of the technology company’s stock worth $57,695,000 after purchasing an additional 1,408,301 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of TrueCar by 3.8% in the 3rd quarter. First Trust Advisors LP now owns 2,851,218 shares of the technology company’s stock worth $45,021,000 after purchasing an additional 104,381 shares during the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

TrueCar (NASDAQ:TRUE) opened at $11.79 on Friday. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.09. TrueCar has a 1-year low of $10.16 and a 1-year high of $21.75.

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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.

Analyst Recommendations for TrueCar (NASDAQ:TRUE)

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