New York State Common Retirement Fund Has $42,000 Stock Position in TrueCar, Inc. (NASDAQ:TRUE)

New York State Common Retirement Fund decreased its stake in TrueCar, Inc. (NASDAQ:TRUE) by 59.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,255 shares of the technology company’s stock after selling 16,500 shares during the quarter. New York State Common Retirement Fund’s holdings in TrueCar were worth $42,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new stake in TrueCar during the 3rd quarter worth about $36,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TrueCar during the 3rd quarter worth about $43,000. R Squared Ltd acquired a new stake in TrueCar during the 4th quarter worth about $49,000. BNP Paribas Financial Markets boosted its position in TrueCar by 15.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 60,942 shares of the technology company’s stock worth $210,000 after acquiring an additional 8,027 shares during the period. Finally, Jane Street Group LLC boosted its position in TrueCar by 19.4% during the 3rd quarter. Jane Street Group LLC now owns 99,586 shares of the technology company’s stock worth $344,000 after acquiring an additional 16,163 shares during the period. Institutional investors and hedge funds own 79.44% of the company’s stock.

TrueCar Price Performance

TRUE opened at $2.16 on Friday. TrueCar, Inc. has a fifty-two week low of $2.14 and a fifty-two week high of $4.62. The business has a 50-day moving average of $3.21 and a 200-day moving average of $3.51. The company has a market capitalization of $188.47 million, a PE ratio of -6.35 and a beta of 1.75.

TrueCar (NASDAQ:TRUE) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). TrueCar had a negative return on equity of 17.54% and a negative net margin of 17.68%. The firm had revenue of $46.21 million for the quarter, compared to analysts’ expectations of $47.30 million. On average, equities research analysts expect that TrueCar, Inc. will post -0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TRUE has been the subject of a number of research reports. Needham & Company LLC decreased their price objective on TrueCar from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. StockNews.com lowered TrueCar from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. downgraded TrueCar from an “overweight” rating to a “neutral” rating in a research note on Friday, February 21st. Finally, B. Riley raised their price target on TrueCar from $3.30 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4.63.

TrueCar Company Profile

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.