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. HyreCar Inc. was founded in 2014 and is headquartered in Los Angeles, California.
Industry, Sector and Symbol
Industry Automotive rental & leasing, without drivers
Sub-IndustryN/A
SectorTransportation
Phone888-688-6769
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.22 million
Profitability
Miscellaneous
Employees26
OptionableNot Optionable
HyreCar (NASDAQ:HYRE) Frequently Asked Questions
What is HyreCar's stock symbol?
HyreCar trades on the NASDAQ under the ticker symbol "HYRE."
How were HyreCar's earnings last quarter?
HyreCar Inc (NASDAQ:HYRE) announced its quarterly earnings results on Monday, August, 13th. The company reported ($0.92) EPS for the quarter. The business had revenue of $2.27 million for the quarter. View HyreCar's Earnings History.
What price target have analysts set for HYRE?
2 brokers have issued 1-year target prices for HyreCar's stock. Their predictions range from $4.00 to $4.00. On average, they expect HyreCar's stock price to reach $4.00 in the next twelve months. This suggests that the stock has a possible downside of 5.4%. View Analyst Price Targets for HyreCar.
What is the consensus analysts' recommendation for HyreCar?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for HyreCar.
Has HyreCar been receiving favorable news coverage?
Media coverage about HYRE stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. HyreCar earned a news impact score of 1.4 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the immediate future.
Are investors shorting HyreCar?
HyreCar saw a increase in short interest in January. As of January 31st, there was short interest totalling 731,019 shares, an increase of 45.7% from the January 15th total of 501,627 shares. Based on an average daily trading volume, of 424,961 shares, the short-interest ratio is presently 1.7 days. Currently, 9.4% of the company's stock are short sold. View HyreCar's Current Options Chain.
Who are some of HyreCar's key competitors?
Who are HyreCar's key executives?
HyreCar's management team includes the folowing people:
- Mr. Joseph Furnari, CEO & Director (Age 38)
- Mr. Abhishek Arora, Co-Founder, CTO, Sec. & Director (Age 36)
- Mr. Michael Furnari, Chief Bus. Devel. Officer & Director of Sales (Age 34)
- Mr. Robert Scott Brogi, Chief Financial Officer
- Mr. Henry Park, Chief Operating Officer
When did HyreCar IPO?
(HYRE) raised $12 million in an initial public offering (IPO) on Wednesday, June 27th 2018. The company issued 2,500,000 shares at $5.00 per share. Network 1 Financial Securities acted as the underwriter for the IPO.
When did HyreCar's lock-up period expire?
HyreCar's lock-up period expired on Monday, December 24th. HyreCar had issued 2,520,000 shares in its IPO on June 27th. The total size of the offering was $12,600,000 based on an initial share price of $5.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the end of the lock-up period.
Who are HyreCar's major shareholders?
HyreCar's stock is owned by many different of retail and institutional investors. Top institutional investors include Jane Street Group LLC (0.92%). Company insiders that own HyreCar stock include Anshu Bansal, Joseph Furnari and Michael Furnari. View Institutional Ownership Trends for HyreCar.
Which institutional investors are buying HyreCar stock?
HYRE stock was acquired by a variety of institutional investors in the last quarter, including Jane Street Group LLC. Company insiders that have bought HyreCar stock in the last two years include Joseph Furnari and Michael Furnari. View Insider Buying and Selling for HyreCar.
How do I buy shares of HyreCar?
Shares of HYRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is HyreCar's stock price today?
One share of HYRE stock can currently be purchased for approximately $4.23.
How big of a company is HyreCar?
HyreCar has a market capitalization of $49.52 million and generates $3.22 million in revenue each year. HyreCar employs 26 workers across the globe.
What is HyreCar's official website?
How can I contact HyreCar?
HyreCar's mailing address is 355 SOUTH GRAND AVENUE SUITE 1650, LOS ANGELES CA, 90071. The company can be reached via phone at 888-688-6769.
MarketBeat Community Rating for HyreCar (NASDAQ HYRE)
MarketBeat's community ratings are surveys of what our community members think about HyreCar and other stocks. Vote "Outperform" if you believe HYRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HYRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
