TrueCar (TRUE) Receiving Somewhat Positive Media Coverage, Study Finds
News stories about TrueCar (NASDAQ:TRUE) have trended somewhat positive on Friday, Alpha One reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public 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 0.16 on Alpha One’s scale. Alpha One also gave news stories about the technology company an impact score of 89 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Alpha One Sentiment Analysis’s scoring:
- EBITDA Yield & Technical Update on TrueCar, Inc. (NasdaqGS:TRUE) – Ozark Times (ozarktimes.com)
- Tech Stocks Alerts =) SINA Corp (NASDAQ:SINA), TrueCar Inc (NASDAQ:TRUE) – usstockjournal (usstockjournal.com)
- Shares Setting Sail For Gains: TrueCar, Inc. (NASDAQ:TRUE) and Cheetah Mobile Inc. (NYSE:CMCM) – Geneva Journal (genevajournal.com)
- Fifth Consecutive Month of Slowing Sales Results in Revised Forecast for 2017 (finance.yahoo.com)
- Is TrueCar (TRUE) a Great Growth Stock? (finance.yahoo.com)
Shares of TrueCar (NASDAQ:TRUE) traded up 0.22% during midday trading on Friday, reaching $17.82. The company had a trading volume of 1,463,757 shares. TrueCar has a 52 week low of $6.51 and a 52 week high of $18.76. The stock has a 50-day moving average of $16.59 and a 200 day moving average of $14.19. The firm’s market capitalization is $1.66 billion.
TrueCar (NASDAQ:TRUE) last announced its earnings results on Tuesday, May 9th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. TrueCar had a negative return on equity of 22.29% and a negative net margin of 22.92%. The business had revenue of $75.80 million during the quarter, compared to analyst estimates of $73.34 million. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, analysts anticipate that TrueCar will post ($0.02) earnings per share for the current year.
A number of research firms have recently issued reports on TRUE. TheStreet upgraded TrueCar from a “d” rating to a “c” rating in a report on Monday, May 15th. B. Riley reiterated a “buy” rating and issued a $21.50 price objective on shares of TrueCar in a report on Tuesday, May 2nd. Royal Bank of Canada upped their price objective on TrueCar from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, May 10th. Craig Hallum upped their price objective on TrueCar from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded TrueCar from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $16.59.
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In other TrueCar news, insider Ii L.P. Upfront sold 1,725,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $15.72, for a total transaction of $27,117,000.00. Following the completion of the sale, the insider now owns 3,865,651 shares in the company, valued at $60,768,033.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Steven J. Dietz sold 1,320,692 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $16.50, for a total value of $21,791,418.00. The disclosure for this sale can be found here. Insiders sold 6,203,606 shares of company stock valued at $100,967,971 in the last quarter. 17.30% of the stock is owned by company insiders.
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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