TrueCar (TRUE) Earns Daily Media Sentiment Score of 0.16
Media headlines about TrueCar (NASDAQ:TRUE) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TrueCar earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.843753678031 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Form 4 TrueCar, Inc. For: Feb 15 Filed by: Perry Victor A III (streetinsider.com)
- TrueCar, Inc 2017 Q4 – Results – Earnings Call Slides (seekingalpha.com)
- TrueCar Stock Set to Test Support After Weak Guidance (finance.yahoo.com)
- Stephens Analysts Give TrueCar (TRUE) a $18.00 Price Target (americanbankingnews.com)
- TrueCar (TRUE) Announces Earnings Results (americanbankingnews.com)
Several brokerages have commented on TRUE. Royal Bank of Canada dropped their price objective on TrueCar from $23.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, November 7th. B. Riley reissued a “buy” rating and issued a $18.00 price objective (down from $21.00) on shares of TrueCar in a report on Tuesday, November 7th. Stephens set a $18.00 price objective on TrueCar and gave the company a “buy” rating in a report on Friday. Zacks Investment Research lowered TrueCar from a “hold” rating to a “strong sell” rating in a report on Saturday, January 20th. Finally, ValuEngine lowered TrueCar from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.56.
TrueCar (NASDAQ:TRUE) last released its earnings results on Thursday, February 15th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $83.13 million for the quarter, compared to the consensus estimate of $81.72 million. TrueCar had a negative return on equity of 8.96% and a negative net margin of 10.16%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. sell-side analysts predict that TrueCar will post -0.21 EPS for the current year.
In other news, SVP John Pierantoni sold 2,494 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $11.29, for a total value of $28,157.26. Following the transaction, the senior vice president now owns 57,513 shares in the company, valued at $649,321.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Neeraj Gunsagar sold 10,443 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $11.28, for a total value of $117,797.04. Following the completion of the transaction, the executive vice president now owns 254,144 shares in the company, valued at approximately $2,866,744.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,670 shares of company stock worth $177,654. Company insiders own 15.50% of the company’s stock.
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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