TrueCar (NASDAQ:TRUE) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

TrueCar, Inc. (NASDAQ:TRUE - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.34 and traded as low as $1.51. TrueCar shares last traded at $1.51, with a volume of 364,499 shares traded.

Analysts Set New Price Targets

TRUE has been the topic of a number of recent research reports. Citigroup cut shares of TrueCar to an "underweight" rating in a research report on Thursday, March 27th. Needham & Company LLC decreased their price objective on TrueCar from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. StockNews.com cut TrueCar from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut TrueCar from a "neutral" rating to an "underweight" rating in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, TrueCar currently has an average rating of "Hold" and a consensus target price of $4.63.

TrueCar Price Performance

The company has a 50 day moving average of $2.35 and a 200-day moving average of $3.29. The company has a market capitalization of $121.29 million, a P/E ratio of -4.09 and a beta of 1.97.

TrueCar (NASDAQ:TRUE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). The company had revenue of $46.21 million for the quarter, compared to analysts' expectations of $47.30 million. TrueCar had a negative net margin of 17.68% and a negative return on equity of 17.54%. Research analysts predict that TrueCar, Inc. will post -0.19 EPS for the current fiscal year.

Institutional Trading of TrueCar

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position 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 worth $6,747,000 after acquiring an additional 71,508 shares in the last quarter. State Street Corp lifted its position in TrueCar by 0.9% during the third quarter. State Street Corp now owns 1,790,659 shares of the technology company's stock valued at $6,178,000 after buying an additional 16,127 shares during the period. Northern Trust Corp boosted its holdings in shares of TrueCar by 2.6% during the 4th quarter. Northern Trust Corp now owns 714,729 shares of the technology company's stock valued at $2,666,000 after buying an additional 17,790 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of TrueCar by 75.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 521,467 shares of the technology company's stock valued at $1,945,000 after buying an additional 224,969 shares in the last quarter. Finally, FMR LLC grew its position in shares of TrueCar by 23.7% in the 3rd quarter. FMR LLC now owns 380,636 shares of the technology company's stock worth $1,313,000 after buying an additional 73,041 shares during the period. 79.44% of the stock is owned by institutional investors.

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.