Is Unionbancorp Inc (NASDAQ:TRUE) Going to Burn These Institutional Investors?

September 8, 2018 - By Richard Slagle

TrueCar, Inc. (NASDAQ:TRUE) Logo

Sentiment for Unionbancorp Inc (NASDAQ:TRUE)

Unionbancorp Inc (NASDAQ:TRUE) institutional sentiment increased to 1.24 in Q1 2018. Its up 0.25, from 0.99 in 2017Q4. The ratio is more positive, as 62 investment professionals started new or increased holdings, while 50 sold and decreased positions in Unionbancorp Inc. The investment professionals in our partner’s database now possess: 81.48 million shares, up from 79.83 million shares in 2017Q4. Also, the number of investment professionals holding Unionbancorp Inc in their top 10 holdings increased from 2 to 3 for an increase of 1. Sold All: 21 Reduced: 29 Increased: 43 New Position: 19.

TrueCar, Inc., together with its subsidiaries, operates as an Internet information, technology, and communication services firm in the United States. The company has market cap of $1.31 billion. It operates its platform on the TrueCar Website and mobile applications. It currently has negative earnings. The firm also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership organizations, and employee buying programs for large enterprises.

The stock increased 0.39% or $0.05 during the last trading session, reaching $12.84. About 280,043 shares traded. TrueCar, Inc. (NASDAQ:TRUE) has declined 45.89% since September 8, 2017 and is downtrending. It has underperformed by 58.46% the S&P500.

Analysts await TrueCar, Inc. (NASDAQ:TRUE) to report earnings on November, 5. They expect $-0.05 EPS, up 37.50 % or $0.03 from last year’s $-0.08 per share. After $-0.06 actual EPS reported by TrueCar, Inc. for the previous quarter, Wall Street now forecasts -16.67 % EPS growth.

Tiger Legatus Capital Management Llc holds 7.07% of its portfolio in TrueCar, Inc. for 2.10 million shares. Caledonia (Private) Investments Pty Ltd owns 16.51 million shares or 2.86% of their US portfolio. Moreover, 683 Capital Management Llc has 2.73% invested in the company for 3.26 million shares. The Massachusetts-based Par Capital Management Inc has invested 0.76% in the stock. Ontario Teachers Pension Plan Board, a Ontario – Canada-based fund reported 5.25 million shares.

TrueCar, Inc. (NASDAQ:TRUE) Ratings Coverage

Ratings analysis reveals 20% of TrueCar’s analysts are positive. Out of 5 Wall Street analysts rating TrueCar, 1 give it “Buy”, 3 “Sell” rating, while 1 recommend “Hold”. The lowest target is $9 while the high is $18. The stock’s average target of $11.69 is -8.96% below today’s ($12.84) share price. TRUE was included in 5 notes of analysts from March 22, 2018. Goldman Sachs downgraded TrueCar, Inc. (NASDAQ:TRUE) on Thursday, June 7 to “Sell” rating. The stock of TrueCar, Inc. (NASDAQ:TRUE) has “Underweight” rating given on Thursday, March 22 by JP Morgan. The stock of TrueCar, Inc. (NASDAQ:TRUE) earned “Sell” rating by J.P. Morgan on Thursday, March 22.

Another recent and important TrueCar, Inc. (NASDAQ:TRUE) news was published by Fool.com which published an article titled: “Why TrueCar’s Shares Are Up 17% Today” on August 10, 2018.

TrueCar, Inc. (NASDAQ:TRUE) Ratings Chart

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