TrueCar (TRUE) Getting Somewhat Positive News Coverage, Study Shows
Press coverage about TrueCar (NASDAQ:TRUE) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog 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 news impact score of 0.15 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.9795013948058 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Stock Traders Purchase Large Volume of Call Options on TrueCar (TRUE) (americanbankingnews.com)
- TrueCar Inc (TRUE) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Short Interest in TrueCar Inc (TRUE) Drops By 12.0% (americanbankingnews.com)
- TrueCar (TRUE) Receives “Buy” Rating from B. Riley (americanbankingnews.com)
TRUE has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $18.00 target price (down from $21.00) on shares of TrueCar in a research note on Tuesday, November 7th. Royal Bank of Canada cut their target price on shares of TrueCar from $23.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of TrueCar from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 target price on shares of TrueCar in a research note on Wednesday, October 11th. Finally, ValuEngine cut shares of TrueCar from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. TrueCar currently has a consensus rating of “Hold” and an average target price of $17.50.
TrueCar (NASDAQ:TRUE) last posted its earnings results on Monday, November 6th. The technology company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.03). TrueCar had a negative net margin of 10.29% and a negative return on equity of 10.38%. equities analysts predict that TrueCar will post -0.32 EPS for the current fiscal year.
In other TrueCar news, EVP Neeraj Gunsagar sold 10,443 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $11.28, for a total transaction of $117,797.04. Following the completion of the transaction, the executive vice president now owns 254,144 shares in the company, valued at $2,866,744.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Pierantoni sold 2,494 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $11.29, for a total transaction of $28,157.26. Following the transaction, the senior vice president now owns 57,513 shares of the company’s stock, valued at approximately $649,321.77. The disclosure for this sale can be found here. Insiders have sold 15,670 shares of company stock valued at $177,654 in the last quarter. 15.50% of the stock is owned by company insiders.
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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