Unionbancorp Inc (NASDAQ:TRUE) Institutional Investor Sentiment Is 1.24

June 15, 2018 - By Linda Rogers

TrueCar, Inc. (NASDAQ:TRUE) Logo

Sentiment for Unionbancorp Inc (NASDAQ:TRUE)

Unionbancorp Inc (NASDAQ:TRUE) institutional sentiment increased to 1.24 in 2018 Q1. Its up 0.25, from 0.99 in 2017Q4. The ratio improved, as 62 hedge funds opened new or increased equity positions, while 50 cut down and sold equity positions in Unionbancorp Inc. The hedge funds in our partner’s database now have: 81.48 million shares, up from 79.83 million shares in 2017Q4. Also, the number of hedge funds holding Unionbancorp Inc in their top 10 equity positions 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 $1.07 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 decreased 0.61% or $0.065 during the last trading session, reaching $10.575. About 488,653 shares traded. TrueCar, Inc. (NASDAQ:TRUE) has declined 45.89% since June 15, 2017 and is downtrending. It has underperformed by 58.46% the S&P500.

Analysts await TrueCar, Inc. (NASDAQ:TRUE) to report earnings on August, 14. They expect $-0.07 earnings per share, 0.00 % or $0.00 from last year’s $-0.07 per share. After $-0.08 actual earnings per share reported by TrueCar, Inc. for the previous quarter, Wall Street now forecasts -12.50 % 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 50% of TrueCar’s analysts are positive. Out of 8 Wall Street analysts rating TrueCar, 4 give it “Buy”, 3 “Sell” rating, while 1 recommend “Hold”. The lowest target is $9 while the high is $18.0. The stock’s average target of $14.11 is 33.43% above today’s ($10.575) share price. TRUE was included in 8 notes of analysts from January 24, 2018. RBC Capital Markets maintained it with “Buy” rating and $16.0 target in Thursday, February 15 report. The company was downgraded on Thursday, March 22 by JP Morgan. The rating was maintained by FBR Capital with “Buy” on Wednesday, January 24. J.P. Morgan downgraded the shares of TRUE in report on Thursday, March 22 to “Sell” rating. The stock of TrueCar, Inc. (NASDAQ:TRUE) has “Sell” rating given on Thursday, June 7 by Goldman Sachs.

TrueCar, Inc. (NASDAQ:TRUE) Ratings Chart

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