Barclays PLC Increases Stock Holdings in TrueCar, Inc. (NASDAQ:TRUE)

Barclays PLC boosted its stake in shares of TrueCar, Inc. (NASDAQ:TRUE - Free Report) by 169.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 130,062 shares of the technology company's stock after buying an additional 81,745 shares during the period. Barclays PLC owned 0.15% of TrueCar worth $448,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TRUE. Dimensional Fund Advisors LP raised its position in shares of TrueCar by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,253,582 shares of the technology company's stock valued at $10,183,000 after buying an additional 25,541 shares during the period. Renaissance Technologies LLC raised its position in TrueCar by 0.3% in the second quarter. Renaissance Technologies LLC now owns 2,123,601 shares of the technology company's stock valued at $6,647,000 after purchasing an additional 6,800 shares during the period. Geode Capital Management LLC lifted its stake in shares of TrueCar by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,955,226 shares of the technology company's stock valued at $6,747,000 after purchasing an additional 71,508 shares during the last quarter. State Street Corp grew its holdings in shares of TrueCar by 0.9% during the 3rd quarter. State Street Corp now owns 1,790,659 shares of the technology company's stock worth $6,178,000 after purchasing an additional 16,127 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of TrueCar by 769.9% in the 2nd quarter. Bank of Montreal Can now owns 416,063 shares of the technology company's stock worth $1,319,000 after acquiring an additional 368,234 shares during the last quarter. 79.44% of the stock is currently owned by hedge funds and other institutional investors.

TrueCar Trading Up 0.6 %

NASDAQ:TRUE traded up $0.02 during trading hours on Friday, hitting $3.45. The company's stock had a trading volume of 119,233 shares, compared to its average volume of 159,770. TrueCar, Inc. has a 52-week low of $2.56 and a 52-week high of $4.62. The stock has a market capitalization of $300.01 million, a P/E ratio of -11.90 and a beta of 1.78. The stock has a fifty day moving average of $3.94 and a 200-day moving average of $3.57.

TrueCar (NASDAQ:TRUE - Get Free Report) last posted its earnings results on Wednesday, November 6th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). TrueCar had a negative return on equity of 14.33% and a negative net margin of 15.88%. The business had revenue of $46.54 million for the quarter, compared to analysts' expectations of $45.82 million. During the same quarter in the previous year, the firm earned ($0.07) EPS. On average, sell-side analysts forecast that TrueCar, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TRUE has been the topic of a number of research reports. B. Riley raised their price target on TrueCar from $3.30 to $4.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Lake Street Capital assumed coverage on TrueCar in a research report on Monday, October 7th. They issued a "buy" rating and a $6.00 target price for the company. StockNews.com raised shares of TrueCar from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. Needham & Company LLC restated a "buy" rating and issued a $5.00 price objective on shares of TrueCar in a report on Wednesday. Finally, BTIG Research increased their target price on shares of TrueCar from $3.75 to $4.50 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.88.

TrueCar 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.