Headlines about TrueCar (NASDAQ:TRUE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing 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 positive one, with scores closest to one being the most favorable. TrueCar earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.0274040111313 out of 100, indicating that recent news 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 headlines that may have effected Accern’s analysis:
Several research firms have issued reports on TRUE. B. Riley restated a “buy” rating and set a $18.00 price target (down from $21.00) on shares of TrueCar in a research report on Tuesday, October 31st. Royal Bank of Canada dropped their target price on shares of TrueCar from $23.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of TrueCar from a “hold” rating to a “sell” rating in a report on Friday, October 6th. ValuEngine lowered shares of TrueCar from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Morgan Stanley upgraded shares of TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 target price for the company in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.50.
TrueCar (TRUE) opened at $11.74 on Friday. TrueCar has a one year low of $10.16 and a one year high of $21.75. The firm has a market cap of $1,217.84, a P/E ratio of -32.61 and a beta of 2.71. The company has a current ratio of 6.31, a quick ratio of 6.31 and a debt-to-equity ratio of 0.09.
In related news, SVP John Pierantoni sold 2,494 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $11.29, for a total value of $28,157.26. Following the sale, the senior vice president now owns 57,513 shares in the company, valued at $649,321.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neeraj Gunsagar sold 10,443 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $11.28, for a total transaction of $117,797.04. Following the completion of the sale, the executive vice president now owns 254,144 shares in the company, valued at approximately $2,866,744.32. The disclosure for this sale can be found here. Insiders have sold 15,917 shares of company stock valued at $186,940 in the last ninety days. Insiders own 15.50% of the company’s stock.
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TrueCar Company Profile
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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