TrueCar (TRUE) Earns Daily News Impact Rating of 0.11
Media stories about TrueCar (NASDAQ:TRUE) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TrueCar earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.0946272638904 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- DIOD, NTNX, PLAY, TRUE: Stock Charts To Watch (investing.com)
- TrueCar, Inc., (NASDAQ: TRUE): Important Factors to Analyse A Good Investment – Stock Watch (stocksnewstimes.com)
- Analysts Weigh in on Truecar Inc Cmn (TRUE) – ExpertGazette (expertgazette.com)
- Large-scale apartment development is underway in Marina Arts District (latimes.com)
- Stocks With Rising Relative Strength: Truecar (finance.yahoo.com)
Shares of TrueCar (NASDAQ:TRUE) traded down 0.39% during trading on Wednesday, reaching $15.28. The company’s stock had a trading volume of 962,259 shares. TrueCar has a 12 month low of $8.69 and a 12 month high of $21.75. The company’s 50 day moving average price is $16.27 and its 200 day moving average price is $17.41. The firm’s market cap is $1.51 billion.
TrueCar (NASDAQ:TRUE) last announced its earnings results on Tuesday, August 8th. The technology company reported $0.01 EPS for the quarter, beating the 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 company had revenue of $81.82 million for the quarter, compared to analyst estimates of $80.75 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, equities analysts predict that TrueCar will post $0.02 earnings per share for the current year.
Several research firms recently issued reports on TRUE. B. Riley reiterated a “buy” rating and issued a $21.00 price target on shares of TrueCar in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $17.00 target price on shares of TrueCar in a report on Wednesday. Zacks Investment Research cut TrueCar from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Cowen and Company restated a “hold” rating and set a $15.00 target price on shares of TrueCar in a report on Thursday, August 17th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $23.00 target price (up previously from $22.00) on shares of TrueCar in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.33.
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In related news, EVP Neeraj Gunsagar sold 158,160 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $19.30, for a total transaction of $3,052,488.00. Following the sale, the executive vice president now owns 363,655 shares in the company, valued at approximately $7,018,541.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 322,865 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $19.12, for a total value of $6,173,178.80. Following the sale, the chief financial officer now owns 359,847 shares in the company, valued at approximately $6,880,274.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,011,936 shares of company stock worth $37,176,200. 15.50% of the stock is owned by corporate 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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