TrueCar (NASDAQ:TRUE) had its target price decreased by B. Riley from $18.00 to $16.50 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. B. Riley currently has a buy rating on the technology company’s stock.

Other analysts have also issued reports about the company. Zacks Investment Research raised TrueCar from a hold rating to a buy rating and set a $15.00 target price on the stock in a report on Thursday, October 11th. DA Davidson set a $13.00 target price on TrueCar and gave the stock a hold rating in a report on Monday, August 13th. Finally, ValuEngine raised TrueCar from a sell rating to a hold rating in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. TrueCar currently has an average rating of Hold and an average price target of $14.58.

TrueCar stock traded up $0.02 during midday trading on Wednesday, hitting $10.05. 991,504 shares of the company were exchanged, compared to its average volume of 774,779. The firm has a market cap of $965.08 million, a price-to-earnings ratio of -37.22 and a beta of 2.62. TrueCar has a fifty-two week low of $8.75 and a fifty-two week high of $14.55. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.09.

TrueCar (NASDAQ:TRUE) last posted its earnings results on Tuesday, November 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $93.59 million for the quarter, compared to analyst estimates of $93.89 million. TrueCar had a negative return on equity of 7.71% and a negative net margin of 8.80%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the business earned $0.02 earnings per share. Equities analysts expect that TrueCar will post -0.25 EPS for the current year.

In other TrueCar news, EVP Robert Mcclung sold 7,669 shares of the stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $13.51, for a total transaction of $103,608.19. Following the transaction, the executive vice president now owns 128,791 shares in the company, valued at $1,739,966.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 9,167 shares of company stock worth $121,994 in the last quarter. 5.60% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale boosted its position in TrueCar by 295.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,911 shares of the technology company’s stock worth $101,000 after purchasing an additional 5,911 shares in the last quarter. Amalgamated Bank purchased a new position in TrueCar during the second quarter worth approximately $141,000. Jane Street Group LLC purchased a new position in TrueCar during the first quarter worth approximately $170,000. PEAK6 Investments L.P. purchased a new position in TrueCar during the second quarter worth approximately $175,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in TrueCar during the third quarter worth approximately $221,000. Institutional investors own 95.55% of the company’s stock.

TrueCar Company 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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Analyst Recommendations for TrueCar (NASDAQ:TRUE)

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