News stories about TrueCar (NASDAQ:TRUE) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing 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 media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.2426523509841 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Analysts Anticipate TrueCar Inc (TRUE) Will Announce Quarterly Sales of $81.15 Million (americanbankingnews.com)
- TrueCar, Inc. (NASDAQ:TRUE) – Glowing Stock’s Review – Nasdaq Journal (press release) (nasdaqjournal.com)
- Analysts Review: Truecar Inc Cmn (TRUE) – ExpertGazette (expertgazette.com)
- TrueCar Inc (TRUE) EVP Neeraj Gunsagar Sells 10,443 Shares (americanbankingnews.com)
- Bordering on Key Levels: UnitedHealth Group Incorporated (UNH), TrueCar, Inc. (TRUE) – Market Movers (financialqz.com)
TRUE has been the topic of a number of recent research reports. Zacks Investment Research downgraded TrueCar from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Goldman Sachs Group restated a “neutral” rating and set a $17.00 price objective on shares of TrueCar in a research report on Wednesday, October 11th. Royal Bank of Canada decreased their price objective on TrueCar from $23.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 7th. B. Riley restated a “buy” rating and set a $18.00 price objective (down from $21.00) on shares of TrueCar in a research report on Tuesday, November 7th. Finally, Morgan Stanley upgraded TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 price objective on the stock in a research report on Monday, October 2nd. One research 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’s stock. TrueCar has an average rating of “Hold” and an average price target of $17.44.
In other news, EVP Neeraj Gunsagar sold 1,882 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $15.22, for a total value of $28,644.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John Pierantoni sold 2,633 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $15.87, for a total value of $41,785.71. Following the completion of the sale, the senior vice president now owns 63,027 shares in the company, valued at $1,000,238.49. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,054 shares of company stock worth $205,522. 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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