B. Riley Financial Inc. Acquires 15371 Shares of TrueCar Inc (TRUE)

Marco Green
February 24, 2018

The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

In other TrueCar news, EVP Neeraj Gunsagar sold 10,443 shares of TrueCar stock in a transaction that occurred on Monday, December 18th. The most optimistic analyst sees the stock reaching $19 while the most conventional has $11 target price. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,670 shares of company stock valued at $177,654. The stock of UBS Group AG (NYSE:UBS) has "Neutral" rating given on Tuesday, September 15 by Goldman Sachs.

A number of research analysts have recently issued reports on TRUE shares. Xact Kapitalforvaltning AB acquired a new stake in TrueCar during the 4th quarter valued at approximately $132,000. Caledonia Private Investments Pty Ltd increased its holdings in shares of TrueCar by 35.7% in the third quarter. Senvest Management LLC raised its stake in TrueCar by 72.6% during the 4th quarter. Global Endowment Management LP purchased a new position in TrueCar during the fourth quarter worth $133,000. The company operates in the Technology sector with a market capitalization of 1.19 Million. Finally, Quantitative Systematic Strategies LLC purchased a new position in TrueCar during the fourth quarter worth $190,000. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell.

Several research firms have commented on TRUE.

Among 14 analysts covering TrueCar (NASDAQ:TRUE), 8 have Buy rating, 1 Sell and 5 Hold. Finally, Stephens set a $18.00 target price on TrueCar and gave the stock a "buy" rating in a research report on Friday, February 16th. ValuEngine lowered TrueCar from a "hold" rating to a "sell" rating in a report on Tuesday, November 7th. Royal Bank of Canada reduced their price target on shares of TrueCar from $23.00 to $18.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $15.3 on the stock, this valuation is based on 10 number of opinions. Truecar Inc Cmn (NASDAQ:TRUE)'s price to sales ratio for trailing twelve month stands at 3.85, whereas its price to book ratio for the most recent quarters is at 3.6. The stock appeared -48.60% downward to its 52-week high and 10.04% above its 52-week low. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.09.

Shares of Truecar Inc Cmn (NASDAQ:TRUE) now have an Average Brokerage Recommendation of 2, number of Recs in ABR is 6 while industry rank of the company by ABR is 217 out of 265. The technology company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.01 by $0.04. The company now has an average volume of 1.73 Million. TrueCar had a negative net margin of 10.29% and a negative return on equity of 10.38%. Likewise, the upbeat performance for the last quarter was 12.99% and for the full year it was 32.10%. During the same quarter last year, the business earned ($0.01) EPS. equities analysts expect that TrueCar will post -0.22 EPS for the current fiscal year.

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TrueCar Inc. engages in developing and publishing an online automotive information and communications platform.

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