Press coverage about TrueCar (NASDAQ:TRUE) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TrueCar earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories 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 stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
TrueCar (TRUE) traded up $0.20 during trading on Friday, reaching $12.27. 2,465,442 shares of the company’s stock were exchanged, compared to its average volume of 1,054,256. The firm has a market cap of $1,206.84, a price-to-earnings ratio of -34.08 and a beta of 2.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 6.31 and a current ratio of 6.31. TrueCar has a 52-week low of $10.16 and a 52-week high of $21.75.
TrueCar (NASDAQ:TRUE) last released its earnings results on Monday, November 6th. The technology company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03). TrueCar had a negative return on equity of 10.38% and a negative net margin of 10.29%. analysts forecast that TrueCar will post -0.32 earnings per share for the current year.
A number of brokerages recently issued reports on TRUE. B. Riley reiterated a “buy” rating and issued a $21.00 price objective on shares of TrueCar in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of TrueCar from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine cut shares of TrueCar from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Morgan Stanley upgraded shares of TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 price objective for the company in a report on Monday, October 2nd. Finally, Royal Bank of Canada decreased their price objective 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.50.
In other news, EVP Neeraj Gunsagar sold 10,443 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $11.28, for a total transaction of $117,797.04. Following the completion of the transaction, the executive vice president now owns 254,144 shares of the company’s stock, valued at $2,866,744.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Pierantoni sold 2,494 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $11.29, for a total transaction of $28,157.26. Following the transaction, the senior vice president now directly owns 57,513 shares of the company’s stock, valued at approximately $649,321.77. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,670 shares of company stock valued at $177,654. Company 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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