Boston Partners Has $587,000 Stock Holdings in TrueCar, Inc. (NASDAQ:TRUE)

Boston Partners cut its position in shares of TrueCar, Inc. (NASDAQ:TRUE) by 44.6% during the 4th quarter, Holdings Channel reports. The firm owned 157,346 shares of the technology company’s stock after selling 126,603 shares during the quarter. Boston Partners’ holdings in TrueCar were worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. SkyView Investment Advisors LLC increased its stake in shares of TrueCar by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 203,695 shares of the technology company’s stock worth $703,000 after purchasing an additional 3,510 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 purchasing an additional 8,027 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of TrueCar during the 3rd quarter worth about $36,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of TrueCar during the 3rd quarter worth about $43,000. Finally, R Squared Ltd acquired a new position in TrueCar in the 4th quarter valued at about $49,000. 79.44% of the stock is currently owned by institutional investors and hedge funds.

TrueCar Stock Up 1.1 %

NASDAQ TRUE opened at $1.78 on Friday. The company has a market capitalization of $155.32 million, a P/E ratio of -5.24 and a beta of 1.72. TrueCar, Inc. has a 12-month low of $1.68 and a 12-month high of $4.62. The firm has a 50-day moving average price of $2.85 and a two-hundred day moving average price of $3.43.

TrueCar (NASDAQ:TRUE) last posted 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 business had revenue of $46.21 million during the quarter, compared to the consensus estimate of $47.30 million. TrueCar had a negative net margin of 17.68% and a negative return on equity of 17.54%. Equities analysts expect that TrueCar, Inc. will post -0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Needham & Company LLC decreased their price target on shares of TrueCar from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered shares of TrueCar from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered shares of TrueCar from an “overweight” rating to a “neutral” rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, TrueCar has an average rating of “Moderate Buy” and a consensus target price of $4.63.

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.