News articles about TrueCar (NASDAQ:TRUE) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TrueCar earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.9326503967235 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
Shares of TrueCar (NASDAQ:TRUE) opened at $10.67 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.41 and a quick ratio of 6.31. TrueCar has a one year low of $10.16 and a one year high of $21.75. The firm has a market cap of $1,094.08, a PE ratio of -30.48 and a beta of 2.52.
TrueCar (NASDAQ:TRUE) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $83.13 million during the quarter, compared to analysts’ expectations of $81.72 million. TrueCar had a negative net margin of 10.16% and a negative return on equity of 8.70%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) earnings per share. research analysts forecast that TrueCar will post -0.25 EPS for the current year.
TRUE has been the topic of several research analyst reports. Zacks Investment Research downgraded TrueCar from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 20th. Royal Bank of Canada reduced 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. B. Riley reiterated a “buy” rating and issued a $18.00 target price on shares of TrueCar in a research note on Wednesday, January 24th. Stephens set a $18.00 target price on shares of TrueCar and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, ValuEngine cut shares of TrueCar from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.56.
In other TrueCar news, SVP John Pierantoni sold 2,494 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $11.29, for a total transaction of $28,157.26. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website. Also, EVP Neeraj Gunsagar sold 10,443 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $11.28, for a total transaction of $117,797.04. Following the transaction, the executive vice president now owns 254,144 shares of the company’s stock, valued at approximately $2,866,744.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,670 shares of company stock valued at $177,654. Corporate 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.