According to Zacks, “HyreCar Inc. operates as a platform as a service company. It offers a car-sharing platform which allows car owners to rent their idle cars to ride-sharing service drivers. HyreCar Inc. is based in Los Angeles, United States. “
Several other equities research analysts have also commented on the company. Taglich Brothers initiated coverage on HyreCar in a research note on Wednesday, October 24th. They set a speculative buy rating and a $4.00 price objective for the company. Northland Securities initiated coverage on HyreCar in a research note on Monday, December 17th. They set an outperform rating for the company.
Hyre opened at $2.22 on Wednesday. HyreCar has a 12 month low of $1.54 and a 12 month high of $6.50.
HyreCar last posted its quarterly earnings data on Thursday, November 8th. The company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The firm had revenue of $2.69 million for the quarter, compared to analysts’ expectations of $2.62 million. On average, research analysts predict that HyreCar will post -1.19 earnings per share for the current fiscal year.
In other news, Director Anshu Bansal sold 400,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $1.50, for a total value of $600,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
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