News stories about TrueCar (NASDAQ:TRUE) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring 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 closest to one being the most favorable. TrueCar earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.9326503967235 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Stock’s Volatility Analysis – TrueCar Inc (NASDAQ: TRUE) – Stocks Pen (stockspen.com)
- Enslaving Stocks: TrueCar, Inc., (NASDAQ: TRUE), CEMEX, SAB de CV, (NYSE: CX); – TNN (tradingnewsnow.com)
- TrueCar, Inc. (TRUE) stock shows -54.30% move from 52-week high – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Does TrueCar Inc’s (NASDAQ:TRUE) Latest Financial Perfomance Look Strong? (finance.yahoo.com)
- Analysts Sights: Truecar Inc Cmn (TRUE)Expert Gazette | Expert … – ExpertGazette (expertgazette.com)
TRUE has been the subject of several recent research reports. Zacks Investment Research upgraded TrueCar from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. B. Riley restated a “buy” rating and set a $18.00 price objective on shares of TrueCar in a report on Wednesday, January 24th. Stephens set a $18.00 price objective on TrueCar and gave the company a “buy” rating in a report on Friday, February 16th. Finally, ValuEngine downgraded TrueCar from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. TrueCar currently has an average rating of “Hold” and an average price target of $17.56.
TrueCar (NASDAQ:TRUE) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. TrueCar had a negative return on equity of 8.70% and a negative net margin of 10.16%. The business had revenue of $83.13 million during the quarter, compared to the consensus estimate of $81.72 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. TrueCar’s revenue was up 12.2% compared to the same quarter last year. analysts forecast that TrueCar will post -0.25 EPS for the current fiscal year.
In related news, SVP John Pierantoni sold 2,494 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $11.29, for a total transaction of $28,157.26. Following the completion of 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 this link. Insiders have sold 5,227 shares of company stock valued at $59,857 in the last quarter. 15.50% of the stock is currently 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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