HyreCar (NASDAQ:HYRE) announced its earnings results on Thursday. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.05, Morningstar.com reports. The company 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.

Shares of HYRE stock traded down $0.39 during midday trading on Friday, hitting $2.15. The company had a trading volume of 267,718 shares, compared to its average volume of 93,626. HyreCar has a 52-week low of $1.90 and a 52-week high of $6.50.

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

An institutional investor recently bought a new position in HyreCar stock. Citadel Advisors LLC bought a new stake in HyreCar Inc (NASDAQ:HYRE) during the 2nd quarter, according to its most recent 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 about 0.25% of HyreCar at the end of the most recent quarter. Institutional investors own 0.49% of the company’s stock.

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HyreCar Company Profile

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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