Nuveen LLC Makes New $399,000 Investment in TrueCar, Inc. $TRUE

Key Points

• Nuveen LLC has acquired a new stake in TrueCar, Inc., purchasing 252,356 shares worth approximately $399,000, representing about 0.29% of the company.
• Several institutional investors have increased their holdings in TrueCar, with MetLife Investment Management raising its stake by 77.1% during the fourth quarter.
• TrueCar's stock has been downgraded to a "hold" rating by Wall Street Zen, with a consensus target price of $3.19.

Nuveen LLC acquired a new stake in TrueCar, Inc. (NASDAQ:TRUE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 252,356 shares of the technology company's stock, valued at approximately $399,000. Nuveen LLC owned about 0.29% of TrueCar as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. XTX Topco Ltd boosted its stake in TrueCar by 92.5% during the first quarter. XTX Topco Ltd now owns 70,044 shares of the technology company's stock worth $111,000 after acquiring an additional 33,652 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in TrueCar by 10.2% during the first quarter. OneDigital Investment Advisors LLC now owns 153,569 shares of the technology company's stock worth $243,000 after acquiring an additional 14,155 shares in the last quarter. Mackenzie Financial Corp boosted its stake in TrueCar by 55.2% during the fourth quarter. Mackenzie Financial Corp now owns 34,044 shares of the technology company's stock worth $127,000 after acquiring an additional 12,112 shares in the last quarter. Two Sigma Advisers LP boosted its stake in TrueCar by 43.5% during the fourth quarter. Two Sigma Advisers LP now owns 33,000 shares of the technology company's stock worth $123,000 after acquiring an additional 10,000 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in TrueCar by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 24,123 shares of the technology company's stock worth $90,000 after acquiring an additional 7,938 shares in the last quarter. 79.44% of the stock is owned by institutional investors.

TrueCar Trading Up 1.9%

NASDAQ TRUE traded up $0.04 on Friday, hitting $2.16. 143,265 shares of the company were exchanged, compared to its average volume of 311,512. The company has a market cap of $191.03 million, a PE ratio of -6.35 and a beta of 1.97. TrueCar, Inc. has a 12 month low of $1.05 and a 12 month high of $4.62. The stock has a fifty day moving average of $1.95 and a 200-day moving average of $1.76.

TrueCar Company Profile

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.