TrueCar (TRUE) Earning Somewhat Positive Media Coverage, Analysis Finds

News headlines about TrueCar (NASDAQ:TRUE) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. 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 media sentiment score of 0.03 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 44.8628403855425 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have effected Accern’s scoring:

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A number of equities research analysts have recently commented on TRUE shares. Zacks Investment Research cut TrueCar from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 20th. ValuEngine cut TrueCar from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Benchmark started coverage on TrueCar in a research note on Thursday, March 22nd. They set a “buy” rating and a $18.00 target price on the stock. B. Riley reiterated a “buy” rating and set a $18.00 target price on shares of TrueCar in a research note on Wednesday, January 24th. Finally, Stephens set a $18.00 target price on TrueCar and gave the stock a “buy” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.64.

NASDAQ TRUE opened at $9.33 on Friday. TrueCar has a one year low of $8.88 and a one year high of $21.75. The firm has a market cap of $957.32, a PE ratio of -34.56 and a beta of 2.59. The company has a current ratio of 6.41, a quick ratio of 6.41 and a debt-to-equity ratio of 0.09.

TrueCar (NASDAQ:TRUE) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. TrueCar had a negative return on equity of 8.70% and a negative net margin of 10.16%. The company had revenue of $83.13 million during the quarter, compared to analyst estimates of $81.72 million. During the same quarter last year, the firm posted ($0.01) EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. sell-side analysts forecast that TrueCar will post -0.25 EPS for the current fiscal year.

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About TrueCar

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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