TrueCar (TRUE) Given Media Sentiment Rating of 0.12
Media stories about TrueCar (NASDAQ:TRUE) have been trending somewhat positive on Sunday, according to Accern. The research group identifies negative and positive news coverage by analyzing 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 media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.8518660258348 out of 100, indicating 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 news stories that may have impacted Accern Sentiment’s rankings:
- Is TrueCar Inc (TRUE) Undervalued? (finance.yahoo.com)
- Financial Contrast: TrueCar (TRUE) & NIC (EGOV) (americanbankingnews.com)
- TrueCar (TRUE) & The Competition Critical Contrast (americanbankingnews.com)
- Brokerages Anticipate TrueCar, Inc. (TRUE) Will Post Earnings of $0.02 Per Share (americanbankingnews.com)
- Comparing TrueCar (TRUE) and Its Rivals (americanbankingnews.com)
Several brokerages have weighed in on TRUE. B. Riley reaffirmed a “buy” rating and set a $21.00 price target on shares of TrueCar in a report on Wednesday, August 9th. Cowen and Company reaffirmed a “hold” rating and set a $15.00 price target on shares of TrueCar in a report on Thursday, August 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $23.00 price target (up previously from $22.00) on shares of TrueCar in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of TrueCar from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price target (up previously from $12.00) on shares of TrueCar in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.56.
TrueCar (TRUE) traded down 1.88% during trading on Friday, hitting $16.72. 1,979,401 shares of the stock traded hands. The stock has a 50 day moving average price of $17.17 and a 200-day moving average price of $17.24. TrueCar has a 52-week low of $8.23 and a 52-week high of $21.75. The stock’s market cap is $1.65 billion.
TrueCar (NASDAQ:TRUE) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. TrueCar had a negative net margin of 9.86% and a negative return on equity of 11.00%. The firm had revenue of $81.82 million for the quarter, compared to analysts’ expectations of $80.75 million. During the same quarter last 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, analysts anticipate that TrueCar will post $0.02 EPS for the current fiscal year.
In other TrueCar news, SVP John Pierantoni sold 55,895 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $19.81, for a total value of $1,107,279.95. Following the transaction, the senior vice president now owns 125,767 shares in the company, valued at approximately $2,491,444.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Guthrie sold 322,865 shares of the firm’s stock in a transaction on 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 completion of the transaction, 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. Insiders sold a total of 1,993,801 shares of company stock worth $36,878,556 in the last 90 days. 15.50% of the stock is currently owned by insiders.
TRADEMARK VIOLATION NOTICE: This story was originally published by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/17/truecar-true-given-media-sentiment-rating-of-0-12.html.
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.
Receive News & Ratings for TrueCar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueCar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.