Media stories about TrueCar (NASDAQ:TRUE) have been trending somewhat positive on Thursday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TrueCar earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.70519187735 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
Several research firms recently issued reports on TRUE. B. Riley restated a “buy” rating and set a $21.00 price target on shares of TrueCar in a research report on Monday, October 2nd. Royal Bank Of Canada restated a “buy” rating and set a $22.00 price target on shares of TrueCar in a research report on Friday, August 4th. Cowen and Company restated a “hold” rating and set a $15.00 price target on shares of TrueCar in a research report on Thursday, August 17th. Morgan Stanley upgraded TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 price target on the stock in a research report on Monday, October 2nd. Finally, Zacks Investment Research lowered TrueCar from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. TrueCar currently has an average rating of “Buy” and an average price target of $18.33.
Shares of TrueCar (TRUE) traded up 2.27% during midday trading on Thursday, hitting $15.32. The stock had a trading volume of 2,155,969 shares. TrueCar has a 52-week low of $9.16 and a 52-week high of $21.75. The company’s 50 day moving average is $15.90 and its 200 day moving average is $17.41. The company’s market cap is $1.51 billion.
TrueCar (NASDAQ:TRUE) last posted its earnings results on Tuesday, August 8th. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. TrueCar had a negative return on equity of 11.00% and a negative net margin of 9.86%. The firm had revenue of $81.82 million for the quarter, compared to analysts’ expectations of $80.75 million. During the same period last year, the firm earned ($0.05) EPS. The company’s quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts anticipate that TrueCar will post $0.02 earnings per share for the current year.
In other news, EVP Neeraj Gunsagar sold 1,882 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $15.22, for a total transaction of $28,644.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP John Pierantoni sold 2,633 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $15.87, for a total value of $41,785.71. Following the sale, the senior vice president now owns 63,027 shares in the company, valued at $1,000,238.49. The disclosure for this sale can be found here. Insiders have sold a total of 1,477,477 shares of company stock worth $26,796,784 over the last 90 days. Insiders own 15.50% of the company’s stock.
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TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for a range of enterprises.
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