HyreCar Inc (NASDAQ:HYRE) shares saw unusually-high trading volume on Friday . Approximately 2,554,274 shares were traded during mid-day trading, an increase of 420% from the previous session’s volume of 490,859 shares.The stock last traded at $4.15 and had previously closed at $3.48.
HYRE has been the subject of a number of recent research reports. Zacks Investment Research raised HyreCar from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Wednesday, December 26th. ValuEngine downgraded HyreCar from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Northland Securities assumed coverage on HyreCar in a research report on Monday, December 17th. They set an “outperform” rating for the company. Finally, Taglich Brothers assumed coverage on HyreCar in a research report on Wednesday, October 24th. They set a “speculative buy” rating and a $4.00 price objective for the company.
HyreCar (NASDAQ:HYRE) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. The business had revenue of $2.69 million for the quarter, compared to analyst estimates of $2.62 million. As a group, equities research analysts anticipate that HyreCar Inc will post -1.19 EPS for the current fiscal year.
An institutional investor recently bought a new position in HyreCar stock. Citadel Advisors LLC bought a new stake in shares of HyreCar Inc (NASDAQ:HYRE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,355 shares of the company’s stock, valued at approximately $133,000. Citadel Advisors LLC owned 0.25% of HyreCar at the end of the most recent reporting period. 0.86% of the stock is currently owned by institutional investors.
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HyreCar Company Profile (NASDAQ:HYRE)
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.
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