HyreCar (HYRE) Announces Earnings Results

HyreCar (NASDAQ:HYRE) issued its quarterly earnings results on Thursday. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.05, Morningstar.com reports. The business had revenue of $2.69 million during the quarter, compared to analysts’ expectations of $2.62 million. HyreCar updated its FY 2018 guidance to EPS.

HYRE stock traded down $0.39 during trading on Friday, reaching $2.15. The company’s stock had a trading volume of 267,718 shares, compared to its average volume of 93,626. HyreCar has a 1 year low of $1.90 and a 1 year high of $6.50.

Separately, Taglich Brothers began coverage on HyreCar in a research note on Wednesday, October 24th. They issued a “speculative buy” rating and a $4.00 price target for the company.

A hedge fund recently bought a new stake in HyreCar stock. Citadel Advisors LLC acquired a new stake in shares of HyreCar Inc (NASDAQ:HYRE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 26,355 shares of the company’s stock, valued at approximately $133,000. Citadel Advisors LLC owned about 0.25% of HyreCar as of its most recent SEC filing. Institutional investors and hedge funds own 0.49% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was published by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/11/10/hyrecar-hyre-announces-earnings-results.html.

About HyreCar

HyreCar Inc operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with DriveItAway and the PassTime to deliver dealer-focused vehicle tracking and inventory management solution.

Featured Article: Fundamental Analysis – How It Helps Investors

Receive News & Ratings for HyreCar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HyreCar and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply