Diker Management LLC Cut Stake in Truecar INC (TRUE) as Market Value Declined

May 16, 2018 - By Louis Casey

TrueCar, Inc. (NASDAQ:TRUE) LogoInvestors sentiment decreased to 0.99 in 2017 Q4. Its down 1.17, from 2.16 in 2017Q3. It turned negative, as 36 investors sold TRUE shares while 33 reduced holdings. 28 funds opened positions while 40 raised stakes. 79.83 million shares or 3.10% less from 82.38 million shares in 2017Q3 were reported. State Street reported 1.32M shares. Rhumbline Advisers stated it has 0% in TrueCar, Inc. (NASDAQ:TRUE). Caledonia (Private) Investments Pty holds 16.47 million shares. Moreover, Schwab Charles Management has 0% invested in TrueCar, Inc. (NASDAQ:TRUE). Guggenheim Cap Ltd Liability Corporation holds 20,486 shares. Ameritas Inv Prtn Inc invested in 5,927 shares or 0% of the stock. Art Lc owns 0.09% invested in TrueCar, Inc. (NASDAQ:TRUE) for 181,782 shares. Ahl Prns Llp owns 16,781 shares for 0% of their portfolio. Pacad Inv Ltd holds 4,500 shares or 0.01% of its portfolio. Prtnrs Limited Liability Co has 494,500 shares. 6.94M are owned by Vanguard Grp Incorporated Incorporated. Us Financial Bank De owns 338 shares or 0% of their US portfolio. First Midwest Bancorp Tru Division holds 27,339 shares. Natl Bank Of Montreal Can accumulated 1.00 million shares. Citadel Advsr Ltd Llc holds 0% or 712,668 shares in its portfolio.

Mark N. Diker decreased its stake in Truecar Inc (TRUE) by 74.57% based on its latest 2017Q4 regulatory filing with the SEC. Diker Management Llc sold 383,000 shares as the company’s stock declined 20.04% with the market. The hedge fund run by Mark N. Diker held 130,590 shares of the technology company at the end of 2017Q4, valued at $1.46 million, down from 513,590 at the end of the previous reported quarter. Diker Management Llc who had been investing in Truecar Inc for a number of months, seems to be less bullish one the $952.80M market cap company. The stock increased 0.11% or $0.01 during the last trading session, reaching $9.44. About 147,122 shares traded. TrueCar, Inc. (NASDAQ:TRUE) has declined 41.62% since May 16, 2017 and is downtrending. It has underperformed by 53.17% the S&P500.

Analysts await TrueCar, Inc. (NASDAQ:TRUE) to report earnings on August, 14. They expect $-0.07 EPS, 0.00 % or $0.00 from last year’s $-0.07 per share. After $-0.08 actual EPS reported by TrueCar, Inc. for the previous quarter, Wall Street now forecasts -12.50 % EPS growth.

More notable recent TrueCar, Inc. (NASDAQ:TRUE) news were published by: Globenewswire.com which released: “TrueCar Reports First Quarter 2018 Financial Results” on May 08, 2018, also Globenewswire.com with their article: “TRUECAR NOTICE: Rosen Law Firm Announces Class Action Against TrueCar, Inc. – TRUE” published on May 13, 2018, Seekingalpha.com published: “TrueCar, Inc 2018 Q1 – Results – Earnings Call Slides” on May 10, 2018. More interesting news about TrueCar, Inc. (NASDAQ:TRUE) were released by: Nasdaq.com and their article: “TrueCar’s Shares Swoon After Earnings Miss Expectations” published on May 09, 2018 as well as Globenewswire.com‘s news article titled: “TrueCar to Participate in Upcoming Conferences” with publication date: May 11, 2018.

TrueCar, Inc. (NASDAQ:TRUE) Ratings Coverage

Among 7 analysts covering TrueCar (NASDAQ:TRUE), 4 have Buy rating, 2 Sell and 1 Hold. Therefore 57% are positive. TrueCar had 8 analyst reports since December 15, 2017 according to SRatingsIntel. The company was downgraded on Thursday, March 22 by J.P. Morgan. The stock of TrueCar, Inc. (NASDAQ:TRUE) has “Underweight” rating given on Thursday, March 22 by JP Morgan. RBC Capital Markets maintained it with “Buy” rating and $16.0 target in Thursday, February 15 report. The rating was maintained by FBR Capital with “Buy” on Wednesday, January 24. FBR Capital maintained the shares of TRUE in report on Friday, December 15 with “Buy” rating.

TrueCar, Inc. (NASDAQ:TRUE) Ratings Chart

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