Stephens Inc. AR Cuts Stock Holdings in TrueCar Inc (NASDAQ:TRUE)

Stephens Inc. AR decreased its stake in shares of TrueCar Inc (NASDAQ:TRUE) by 42.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 416,801 shares of the technology company’s stock after selling 307,516 shares during the period. Stephens Inc. AR owned about 0.40% of TrueCar worth $2,276,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TRUE. Advisory Services Network LLC purchased a new position in shares of TrueCar during the second quarter valued at approximately $60,000. Quantamental Technologies LLC boosted its position in shares of TrueCar by 654.8% during the first quarter. Quantamental Technologies LLC now owns 14,069 shares of the technology company’s stock valued at $93,000 after buying an additional 12,205 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of TrueCar by 1,117.5% during the first quarter. BNP Paribas Arbitrage SA now owns 21,441 shares of the technology company’s stock valued at $142,000 after buying an additional 19,680 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of TrueCar during the first quarter valued at approximately $156,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of TrueCar during the first quarter valued at approximately $219,000. 93.62% of the stock is currently owned by institutional investors.

TRUE has been the topic of several research analyst reports. SunTrust Banks reissued a “hold” rating and issued a $8.00 price objective on shares of TrueCar in a research report on Tuesday, May 14th. TheStreet cut TrueCar from a “c-” rating to a “d” rating in a research report on Thursday, August 8th. Citigroup cut their price objective on TrueCar from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Zacks Investment Research cut TrueCar from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. Finally, ValuEngine raised TrueCar from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $8.71.



TRUE stock traded up $0.07 during midday trading on Friday, hitting $3.81. The company’s stock had a trading volume of 638,100 shares, compared to its average volume of 1,361,848. The stock’s 50-day moving average price is $5.01 and its 200 day moving average price is $6.36. The company has a quick ratio of 5.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.12. TrueCar Inc has a 1 year low of $3.01 and a 1 year high of $14.55. The stock has a market cap of $397.13 million, a price-to-earnings ratio of -14.65 and a beta of 1.55.

TrueCar (NASDAQ:TRUE) last issued its earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. The firm had revenue of $88.08 million for the quarter, compared to analyst estimates of $89.20 million. TrueCar had a negative return on equity of 11.45% and a negative net margin of 14.25%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share. As a group, equities analysts forecast that TrueCar Inc will post -0.58 earnings per share for the current fiscal year.

In other TrueCar news, EVP Robert Mcclung sold 7,669 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $5.41, for a total value of $41,489.29. Following the sale, the executive vice president now directly owns 121,744 shares in the company, valued at $658,635.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.00% of the company’s stock.

TrueCar Profile

TrueCar, Inc, together with its subsidiaries, 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. The company also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for large enterprises.

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Institutional Ownership by Quarter for TrueCar (NASDAQ:TRUE)

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