TrueCar (TRUE) Receiving Somewhat Favorable Media Coverage, Report Finds
News stories about TrueCar (NASDAQ:TRUE) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern 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 coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.988423384361 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Truecar Inc Cmn (TRUE) How Do the Technical Vary? – ExpertGazette (expertgazette.com)
- Be unsteadying Stocks: Tesla, Inc., (NASDAQ: TSLA), TrueCar, Inc., (NASDAQ: TRUE), Range Resources Corporation … – Stocks In The News (press release) (tradingnewsnow.com)
- Analysts Expect TrueCar, Inc. (TRUE) Will Post Earnings of $0.01 Per Share (americanbankingnews.com)
- Forecasting the future of auto retailing (autonews.com)
- Subaru, Land Rover Earn Top ALG Residual Value Awards (automotive-fleet.com)
Several research firms have recently weighed in on TRUE. B. Riley restated a “buy” rating and set a $21.00 price objective on shares of TrueCar in a research note on Monday, October 2nd. Royal Bank Of Canada restated a “buy” rating and set a $22.00 price objective on shares of TrueCar in a research note on Friday, August 4th. Cowen restated a “hold” rating and set a $15.00 price objective on shares of TrueCar in a research note on Thursday, August 17th. ValuEngine lowered shares of TrueCar from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Morgan Stanley upgraded shares of TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 price objective on the stock in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. TrueCar currently has an average rating of “Hold” and a consensus target price of $17.44.
TrueCar (NASDAQ:TRUE) opened at $12.07 on Friday. TrueCar has a 52 week low of $10.16 and a 52 week high of $21.75. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.09.
In related news, SVP John Pierantoni sold 3,964 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $16.56, for a total value of $65,643.84. Following the transaction, the senior vice president now owns 67,589 shares in the company, valued at approximately $1,119,273.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brian Skutta sold 61,942 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $17.01, for a total transaction of $1,053,633.42. Following the completion of the transaction, the executive vice president now owns 181,282 shares in the company, valued at approximately $3,083,606.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 199,369 shares of company stock worth $3,377,066. 15.50% of the stock is owned by company insiders.
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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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