Somewhat Positive News Coverage Somewhat Unlikely to Impact TrueCar (TRUE) Share Price
News articles about TrueCar (NASDAQ:TRUE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TrueCar earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.9085546994306 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Truecar Inc Cmn (TRUE) Valuation Review – ExpertGazette (expertgazette.com)
- TrueCar, Inc. (TRUE) Expected to Announce Quarterly Sales of $81.15 Million (americanbankingnews.com)
- 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)
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded TrueCar from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. ValuEngine lowered TrueCar from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. B. Riley reiterated a “buy” rating and issued a $18.00 price target (down previously from $21.00) on shares of TrueCar in a research note on Tuesday, November 7th. Royal Bank Of Canada cut their price target on TrueCar from $23.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price target on shares of TrueCar in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.44.
TrueCar (NASDAQ:TRUE) opened at $11.31 on Thursday. The company has a current ratio of 6.31, a quick ratio of 6.31 and a debt-to-equity ratio of 0.09. TrueCar has a 12-month low of $10.16 and a 12-month high of $21.75.
In other news, SVP John Pierantoni sold 3,964 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $16.56, for a total transaction of $65,643.84. Following the completion of the transaction, the senior vice president now owns 67,589 shares in the company, valued at $1,119,273.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neeraj Gunsagar sold 10,442 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $16.56, for a total transaction of $172,919.52. Following the completion of the transaction, the executive vice president now directly owns 283,508 shares of the company’s stock, valued at approximately $4,694,892.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,017 shares of company stock valued at $326,288. Company insiders own 15.50% of the company’s stock.
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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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