XTX Topco Ltd Takes Position in TrueCar, Inc. (NASDAQ:TRUE)

XTX Topco Ltd purchased a new position in shares of TrueCar, Inc. (NASDAQ:TRUE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 36,392 shares of the technology company’s stock, valued at approximately $136,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRUE. Barclays PLC grew its stake in shares of TrueCar by 169.2% during the third quarter. Barclays PLC now owns 130,062 shares of the technology company’s stock valued at $448,000 after purchasing an additional 81,745 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of TrueCar by 113.0% during the fourth quarter. JPMorgan Chase & Co. now owns 321,378 shares of the technology company’s stock worth $1,199,000 after acquiring an additional 170,475 shares during the last quarter. Raymond James Financial Inc. bought a new position in TrueCar in the fourth quarter valued at about $930,000. American Century Companies Inc. increased its position in TrueCar by 17.9% in the fourth quarter. American Century Companies Inc. now owns 147,783 shares of the technology company’s stock worth $551,000 after purchasing an additional 22,385 shares during the period. Finally, Geode Capital Management LLC raised its holdings in TrueCar by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,955,226 shares of the technology company’s stock worth $6,747,000 after purchasing an additional 71,508 shares during the last quarter. 79.44% of the stock is owned by institutional investors and hedge funds.

TrueCar Stock Performance

Shares of TRUE stock opened at $1.59 on Wednesday. The company has a market capitalization of $139.15 million, a P/E ratio of -4.68 and a beta of 1.97. TrueCar, Inc. has a 52 week low of $1.25 and a 52 week high of $4.62. The company’s 50 day moving average price is $1.75 and its two-hundred day moving average price is $3.08.

TrueCar (NASDAQ:TRUE) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). TrueCar had a negative net margin of 17.68% and a negative return on equity of 17.54%. The company had revenue of $46.21 million during the quarter, compared to the consensus estimate of $47.30 million. Analysts forecast that TrueCar, Inc. will post -0.19 earnings per share for the current year.

Analyst Ratings Changes

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

About TrueCar

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.