B. Riley Estimates TrueCar’s FY2029 Earnings (NASDAQ:TRUE)

TrueCar, Inc. (NASDAQ:TRUE) – Equities research analysts at B. Riley issued their FY2029 earnings per share (EPS) estimates for shares of TrueCar in a report released on Tuesday, February 11th. B. Riley analyst N. Khan expects that the technology company will post earnings of $0.09 per share for the year. B. Riley currently has a “Neutral” rating and a $4.00 target price on the stock. The consensus estimate for TrueCar’s current full-year earnings is ($0.30) per share.

Other research analysts have also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and issued a $5.00 price target on shares of TrueCar in a research report on Wednesday, January 15th. StockNews.com raised shares of TrueCar from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, BTIG Research lifted their target price on shares of TrueCar from $3.75 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4.88.

TrueCar Stock Performance

Shares of TRUE stock opened at $3.37 on Wednesday. The stock has a fifty day moving average price of $3.70 and a 200 day moving average price of $3.56. The stock has a market cap of $293.06 million, a PE ratio of -11.62 and a beta of 1.75. TrueCar has a 1 year low of $2.56 and a 1 year high of $4.62.

Hedge Funds Weigh In On TrueCar

A number of institutional investors have recently made changes to their positions in the stock. SkyView Investment Advisors LLC increased its position in 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 in the last quarter. BNP Paribas Financial Markets raised its holdings in TrueCar by 15.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 60,942 shares of the technology company’s stock valued at $210,000 after acquiring an additional 8,027 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of TrueCar in the third quarter valued at $36,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in TrueCar in the 3rd quarter valued at about $43,000. Finally, R Squared Ltd acquired a new stake in shares of TrueCar in the fourth quarter worth approximately $49,000. 79.44% of the stock is owned by institutional investors and hedge funds.

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.