HyreCar Inc. (HYRE) News
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HYRE News Highlights
- HYRE's 30 day story count now stands at 5.
- Over the past 14 days, the trend for HYRE's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- DE are the most mentioned tickers in articles about HYRE.
Latest HYRE News From Around the Web
Below are the latest news stories about HYRECAR INC that investors may wish to consider to help them evaluate HYRE as an investment opportunity.
AmeriDrive Partners with HyreCar on $100M Revolving Line of Credit Joint Venture to Grow its Fleet and Geographic Footprint
MIRAMAR, Fla., Sept. 20, 2022 (GLOBE NEWSWIRE) -- AmeriDrive Holdings, Inc., one of the largest private fleets dedicated to serving gig drivers, announced today a joint venture with HyreCar, Inc. (NASDAQ:HYRE), through which it will significantly grow its fleet and geographic footprint. HyreCar, Inc. and AmeriDrive recently announced closing a $100 million warehousing line of credit with a premier global investment bank and Medalist Partners. Under the agreement, AmeriDrive will use this facilit
Penny stocks are always a risky proposition.
LOS ANGELES, Sept. 19, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ: HYRE), the leader in carsharing for rideshare and food/beverage delivery, announced today that it has appointed Eduardo Iniguez as interim Chief Financial Officer. Serge De Bock will leave the company to assume a senior leadership position at another company. He will remain in his current CFO role at HyreCar through September 30. “I am proud of the achievements we have delivered over the past year and half, including closing a
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, HyreCar (HYRE) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
HYRE stock is exploding higher after HyreCar announced that it had received a $100 million revolving line of credit from two parties.
HyreCar Announces $100 Million Revolving Line of Credit From a Premier Global Investment Bank and Medalist Partners; Anticipates Significant Fleet Growth
LOS ANGELES, Sept. 06, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ: HYRE), the leader in carsharing for rideshare and food/beverage delivery, announced today an agreement with a premier global investment bank and Medalist Partners for a $100 million warehousing line of credit. The global investment bank will provide primary financing with Medalist Partners providing $20 million of additional financing. Under the agreement, HyreCar’s fleet operator partner, AmeriDrive Holdings, LLC, will use th
Maxim Group analyst Jack Vander Aarde reiterated a Buy rating on Hyrecar (HYRE - Research Report) yesterday and set a price target of $4.00. The company's shares closed yesterday at $1.18.Vander Aarde covers the Technology sector, focusing on stocks such as Sonic Foundry, Avid Technology, and Inuvo. According to TipRanks, Vander Aarde has an average return of 35.9% and a 41.79% success rate on recommended stocks. Currently, the analyst consensus on Hyrecar is a Moderate Buy with an average price target of $4.25, representing a 260.17% upside. In a report released on August 16, Ladenburg Thalmann & Co. also maintained a Buy rating on the stock with a $4.
LOS ANGELES, Aug. 15, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today reported financial results and provided a corporate update for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Highlights Revenue was $10.5 million, compared to $9.1 million during the same period of 2021, an increase of approximately 16% from the same quarter last year, achieving the strongest revenue quarter i
HyreCar to Report Second Quarter 2022 Financial Results on Monday, August 15, 2022 and Provide Corporate Update
Conference Call to be held Monday, August 15, 2022, at 4:30 p.m. Eastern TimeLOS ANGELES, Aug. 08, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today announces that it will report second quarter 2022 financial results on Monday, August 15, 2022 immediately following the close of market. Joe Furnari, CEO, Serge De Bock, CFO and Brian Allan, President, will host a conference call at 4:30 p.m. ET on Monday,
LOS ANGELES, July 12, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (Nasdaq: HYRE), the carsharing marketplace for ridesharing and food/package delivery services, today issued revised guidance of expected net revenue between $10.4M and $10.6M, narrowing previous guidance of expected net revenue between $10.2M and $10.7M, based on the company’s strong performance in the second quarter. This would deliver a quarter over quarter revenue increase of 10% or close to $1.0M over the $9.5M revenue recorded in t