Media headlines about TrueCar (NASDAQ:TRUE) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TrueCar earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 44.5580061977072 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern’s analysis:
- Head-To-Head Contrast: Model N (MODN) vs. TrueCar (TRUE) (americanbankingnews.com)
- WOLF HALDENSTEIN: TRUECAR LEAD PLAINTIFF INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action has been filed against TrueCar, Inc. in the United States District Court for the Northern District of California (finance.yahoo.com)
- The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of TrueCar, Inc. Shareholders and a Lead Plaintiff Deadline of June 1, 2018 (TRUE) (finance.yahoo.com)
- Federman & Sherwood Reminds Investors of Imminent Lead Plaintiff Deadline in Securities Class Action Lawsuit Against TrueCar, Inc. (law.com)
- Hilly Morning Stocks:: TrueCar, Inc. (NASDAQ:TRUE), Express, Inc. (NYSE:EXPR), Amyris, Inc. (NASDAQ:AMRS) (journalfinance.net)
Shares of TrueCar traded down $0.12, hitting $9.62, on Friday, MarketBeat Ratings reports. 704,804 shares of the company’s stock traded hands, compared to its average volume of 1,761,977. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.14 and a current ratio of 7.14. TrueCar has a one year low of $8.75 and a one year high of $21.75. The firm has a market cap of $983.08 million, a P/E ratio of -35.63 and a beta of 2.58.
TrueCar (NASDAQ:TRUE) last announced its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $81.06 million for the quarter, compared to analyst estimates of $81.36 million. TrueCar had a negative net margin of 10.69% and a negative return on equity of 8.62%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) EPS. analysts forecast that TrueCar will post -0.27 EPS for the current year.
TRUE has been the topic of several recent research reports. Stephens set a $18.00 target price on shares of TrueCar and gave the company a “buy” rating in a report on Friday, February 16th. Zacks Investment Research raised shares of TrueCar from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. ValuEngine lowered shares of TrueCar from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. JPMorgan Chase & Co. lowered shares of TrueCar from a “neutral” rating to an “underweight” rating in a report on Thursday, March 22nd. Finally, Benchmark initiated coverage on shares of TrueCar in a report on Thursday, March 22nd. They set a “buy” rating and a $18.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.84.
TrueCar, Inc, together with its subsidiaries, operates as an Internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar Website and mobile applications. The company also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for large enterprises.
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